Shagang keeps long steel prices unchaged for late June

Shagang Group, China’s largest long steel supplier, has rolled over the prices of all its major long steel products from mid-June for domestic sales in the last ten days of June, though the spot transaction price has softened modestly in the past ten days on the softening demand amid rainfalls in South and then East China.

Shagang, headquartered in Zhangjiagang, East China’s Jiangsu province, thus, is still offering HRB400 16-25mm dia rebar at Yuan 3,850/tonne ($544.6/), HPB300 6-10mm high-speed wire rod at Yuan 3,910/t, and the HRB400 8-10mm bar-in-coil at Yuan 3,950/t, all in terms of EXW and including 13% VAT. As of June 19, the HRB400 20mm dia rebar price in