Shagang holds list prices for steel longs for mid-April sales

Shagang Group (Shagang), China's leading privately-owned steel firm and largest electric-arc-furnace (EAF) steelmaker, has decided to hold its long-product list prices for sales over April 11-20 unchanged from the first ten days of this month, according to the company's Saturday announcement.

The Zhangjiagang-based steel giant has maintained its long steel prices at the same level since late September last year, Mysteel Global notes. Shagang updates its list prices for long steel products such as rebars three times a month to better reflect market dynamics, as reported. With the latest adjustment, the