Shagang raises longs list prices by $7/t for early Sept sales

Shagang Group (Shagang), China's leading private steelmaker headquartered in Zhangjiagang in East China's Jiangsu province, is lifting its list prices of rebar, wire rod, and bar-in-coil by Yuan 50/tonne ($7/t) for sales over September 1-10, after having slashed the prices for four straight sales cycles, according to the company's announcement on September 1.

With the latest pricing policy, Shagang's HRB400 16-20 mm rebar is now priced at Yuan 3,500/t for early September sales, while the prices of HPB300 6-10mm high-speed wire rod and HRB400 8-10mm bar-in-coil have been raised to Yuan 3,420/t and Yuan 3,510/t respectively over the same period, all in