Shagang keeps construction prices unchanged for mid-Dec sales

Shagang Group (Shagang), China's largest privately-owned steelmaker headquartered in East China's Jiangsu province, is rolling over its list prices for long steel items including rebar, wire rod and bar-in-coil for sales over December 11-20, the company announced on Wednesday.

Shagang's new pricing policy means it has kept prices of its major long steel products unchanged for two straight sales periods, Mysteel Global notes. Consequently, Shagang's HRB400 16-20mm rebar is still priced at Yuan 3,700/tonne ($509/t) for mid-December, its HPB300 6-10mm high-speed wire rod stays at Yuan 3,620/t, and its