Shagang trims longs list prices by $14/t for late Oct sales

Shagang Group (Shagang), China's leading private steel producer headquartered in Zhangjiagang in East China's Jiangsu province, is cutting its list prices of rebar, wire rod, and bar-in-coil by Yuan 100/tonne ($14.1/t) for sales over October 21-31, the company announced on Monday. Shagang had rolled over its longs prices for the previous ten-day sales period, as reported.

With the latest cuts, Shagang's HRB400 16-20 mm rebar is now priced at Yuan 3,850/t, while the prices of its HPB300 6-10mm high-speed wire rod and HRB400 8-10mm bar-in-coil have been pared to Yuan 3,770/t and Yuan 3,860/t respectively for the same period, all in terms of EXW and