Shagang holds longs list prices for early July sales

Shagang Group (Shagang), China's leading privately-owned steelmaker in East China's Jiangsu province, has decided to roll over the list prices of its major long steel products for sales during the first ten days of July, after having lifted the prices for two successive ten-day cycles, according to the company's pricing policy released on Saturday.

With the latest price roll-over, Shagang's HRB400 16-22mm rebar is still priced at Yuan 4,070/tonne ($561/t), its HPB300 6-10mm high-speed wire rod is listed at Yuan 4,110/t, and HRB400 8-10mm bar-in-coil at Yuan 4,200/t, all in terms of EXW and including the 13% VAT. Shagang releases its long steel list