Shagang holds rebar prices stable for mid-Nov sales

Steel giant Jiangsu Shagang Group has decided to hold its HRB400 16-25mm dia rebar ex-works price stable at Yuan 4,780/tonne ($686.8/t) including the 16% VAT for sales between November 11-20, according to the latest price adjustment policy tabled by China’s largest privately-owned steel producer on November 11.

At the same time, Shagang is shaving Yuan 80/t off its ex-works prices of wire rod and bar-in-coil for sales over November 11-20. After the adjustments, the company’s HPB300 6.5mm dia wire rod is offered at Yuan 4,810/t and its HRB400 8-10mm dia bar-in-coil at Yuan 4,880/t, both including the 16% VAT. The