Shagang holds its long product prices for late-March sales

Shagang Group (Shagang), China's leading privately-owned steelmaker, has rolled over its list prices for long products such as rebar, wire rod and bar-in-coil for sales during March 21-31 from the previous ten-day sales period, the company announced last Saturday.

With its latest pricing policy, Shagang continues to hold the price of its HRB400 16-20mm rebar at Yuan 3,450/tonne ($500/t), that of its HPB300 6-10mm wire rod at Yuan 3,470/t, while its HRB400 8-10mm bar-in-coil price remains at Yuan 3,560/t. All prices are EXW and include the 13% VAT. Shagang,