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Shagang chops rebar price by $37/t for early July sales

ABSTRACT

Shagang Group, China's largest privately-owned steel producer and headquartered in East China's Jiangsu province, is cutting another Yuan 250/tonne ($37.3/t) off its rebar list prices for sales over July 1-10, the company announced on July 1. The cut follows Shagang's Yuan 300/t reduction for the previous ten-day sales period, as Mysteel Global reported.
Moreover, the reduction Shagang is making to its wire rod and bar-in-coil prices for early July sales is steeper at Yuan 300/t for both, the company's latest pricing policy shows.   With the latest cut, Shagang's HRB400 16-25mm rebar is now priced at Yuan 4,800/t, its HPB300 6-10mm high-speed wire rod is

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