Shagang cuts list prices for long steel items for late-April sales

Shagang Group (Shagang), China's largest privately-owned steelmaker and headquartered in Zhangjiagang in East China's Jiangsu, has trimmed its rebar list prices by Yuan 100/tonne ($14.7/t) for sales over April 21-30, the company announced on April 21. Prices for its wire rod and bar-in-coil products have also been cut by Yuan 80/t for the same sales period.

With its latest pricing policy, the price of Shagang's HRB400 16-20mm rebar is now Yuan 3,350/t, that for its HPB300 6-10mm wire rod is Yuan 3,390/t, and its HRB400 8-10mm bar-in-coil is now listed at Yuan 3,480/t, all in terms of EXW and including the 13% VAT. This marks the