Shagang rolls over list prices steel longs for early-April sales

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

The Zhangjiagang-based steel group updates its list prices for long products such as rebars three times a month to better reflect market dynamics, as reported. Consequently, Shagang continues to keep its price for HRB400 16-20mm rebar at Yuan 3,450/tonne ($502/t), its HPB300 6-10mm wire rods stay priced at Yuan 3,470/t,