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Shagang raises rebar prices further for late Sept sales


Over September 21-30, Shagang Group, China’s largest privately-owned steel producer in East China’s Jiangsu province, has raised its rebar ex-works price for the second ten-day domestic sales cycle by another Yuan 150/tonne ($23.2/t) on noting the strong demand especially from steel traders recently, according to a Shagang official.
The latest increment was less than the Yuan 350/t rise over September 11-20and starting September 21, the leading electric-arc-furnace mill is offeringits HRB16-25mm rebarat Yuan 5,850/t EXW and including the 13% VAT. Shagang, however, has rolled over the prices of wire rod and bar-in-coil, and its HPB300 6-10mmwire rodprice, thus, remains


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