Shagang cuts longs list prices by $14/t for early Jan sales

Source: Mysteel Jan 02, 2025 14:45

Shagang Group (Shagang), China's leading private steelmaker headquartered in Zhangjiagang in East China's Jiangsu province, has trimmed the list prices of its long steel products including rebar, wire rod, and bar-in-coil by Yuan 100/tonne ($13.7/t) for sales during the first ten days of January, the company announced on Wednesday. Shagang had previously rolled over its longs prices for three ten-day sales periods beginning in early December last year, as reported.

The latest price cut means that Shagang's HRB400 16-20 mm rebar is now priced at Yuan 3,600/t, while the prices of its HPB300 6-10mm high-speed wire rod and HRB400 8-10mm bar-in-coil have been clipped to Yuan 3,520/t and Yuan 3,610/t respectively, all in terms of EXW and including the

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Wire rod prices: China's major cities

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Bar-in-coil prices: China's major cities

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HRB400E rebar prices: China's major cities

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