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Shagang holds long steel prices again for mid-Aug sales


Shagang Group (Shagang), China's largest privately-owned steelmaker headquartered in East China's Jiangsu, has decided to keep its list prices of major long steel products unchanged for sales over August 11-20, according to the company's latest pricing policy announced on Thursday. Shagang has rolled over the list prices of its longs for two consecutive 10-day sales periods, Mysteel Global noted.
With the latest pricing policy, Shagang's HRB400 16-25mm rebar is still priced at Yuan 4,500/tonne ($668/t), HPB300 6-10mm high-speed wire rod at Yuan 4,510/t, and HRB400 8-10mm bar-in-coil at Yuan 4,600/t, all in terms of EXW and including the 13% VAT, the company release showed.   "In the near term, Chinese steel


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