Shagang lifts longs list prices by $7/t for late Apr sales

Shagang Group (Shagang), China's leading private steelmaker headquartered in East China's Jiangsu province, has raised its list prices of rebar, wire rod, and bar-in-coil by Yuan 50/tonne ($6.9/t) for sales over April 21-30, the company announced on Sunday. This was the first time for the mill to raise its list prices this year, Mysteel Global notes.

With the latest pricing policy, Shagang's HRB400 16-20mm rebar is now priced at Yuan 3,970/t, and its prices for HPB300 6-10mm high-speed wire rod and HRB400 8-10mm bar-in-coil have been raised to Yuan 4,020/t and Yuan 4,010/t respectively over the same period, all in terms of EXW and including