Shagang holds list prices for steel longs for late-Nov sales

Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its long-product list prices for sales during November 21-30 from the previous ten-day period, the company announced on Friday.

Consequently, Shagang continues to keep its price for HRB400 16-20mm rebar at Yuan 3,450/tonne ($484/t), its HPB300 6-10mm wire rods stay priced at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil is still at Yuan 3,560/t, according to its announcement. All prices are EXW and include the 13% VAT. Shagang, also