Shagang rolls over rebar prices for early June sales

Shagang Group, China's largest rebar producer headquartered in East China's Jiangsu province, announced on Wednesday that it is rolling over its rebar list price for sales over June 1-10, having kept list prices unchanged for five straight sales periods since late April, Mysteel Global noted.

For this month's first ten days, Shagang will also hold ex-works prices of its high-speed wire rod and bar-in-coil products, according to the company's release. With the latest pricing policy for early June, Shagang's HRB400 16-25mm rebar will still be offered at Yuan 5,350/tonne ($802/t), its HPB300 6-10mm high-speed wire rod