Shagang rolls over its long product prices for early-Dec sales

Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its list prices for long products for sales during December 1-10 from its previous ten-day sales period, the company announced Monday.

The company's latest pricing policy means that Shagang continues to keep its price for HRB400 16-20mm rebar at Yuan 3,450/tonne ($488/t), its HPB300 6-10mm wire rod stays priced at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil is at Yuan 3,560/t, according to its announcement. All prices are EXW and