Shagang rolls over long steel list prices for early-March sales

Shagang Group (Shagang), China's leading privately-owned steel firm and the largest electric-arc-furnace steelmaker, has decided to hold its long-product list prices for sales over March 1-10 from the previous eight-day period, the company announced last Sunday.

The Zhangjiagang-based steel group updates its longs list prices three times a month to better reflect market dynamics, as reported. Shagang has maintained its long steel prices at the same level since late September last year, and market watchers suggest its decision to hold prices again reflects its cautious stance toward the near-term market now that the