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

Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its list prices for long products for sales during January 1-10 from its previous eleven-day sales period, the company announced last Thursday, the first day of China's three-day New Year holiday.

With its latest pricing policy, Shagang continues to hold the price of its HRB400 16-20mm rebar at Yuan 3,450/tonne ($493/t), its HPB300 6-10mm wire rod at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil at Yuan 3,560/t. All prices are EXW and include the 13% VAT. Shagang, headquartered in Zhangjiagang in