Shagang hikes longs list prices by $28/t for early Aug sales

Shagang Group (Shagang), China's leading private steel producer headquartered in East China's Jiangsu province, has added Yuan 200/tonne ($27.7/t) to its list prices of long steel products including rebar, wire rod, and bar-in-coil for sales over August 1-10, the company announced on Friday. This means Shagang has now lifted its longs prices for three consecutive 10-day pricing cycles, Mysteel Global notes.

With the latest pricing policy, Shagang's HRB400 16-20mm rebar is now priced at Yuan 3,550/t, and its prices for HPB300 6-10mm high-speed wire rod and HRB400 8-10mm bar-in-coil have been increased to Yuan 3,620/t and Yuan 3,710/t respectively over the same period, all in terms of EXW and including