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Shagang raises late May long steel list prices by $7

After having maintained the prices unchanged since the start of April, Shagang Group, China’s largest long steel supplier, has announced to raise all its long steel list prices by Yuan 50/tonne ($7.1/t) for sales over May 21-31 to partially reflect the recent strengthening in China’s domestic steel prices and higher raw material costs, Mysteel Global understands.
With the latest price rises, Shagang, headquartered in East China’s Jiangsu province, is offering HRB400 16-25mm dia rebar at Yuan 3,750/t, HPB300 6-10mm high-speed wire rod at Yuan 3,810/t, and HRB400 8-10mm bar-in-coil at Yuan 3,850/t, all in EXW and including the 13% VAT. China’s long steel trading has been robust,

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