Shagang holds list prices for long, flat steel items for early May sales

Shagang Group (Shagang), China's leading privately-owned steel firm and its largest electric-arc-furnace steelmaker, has decided to roll over its long-product list prices for sales over May 1-10 from the previous ten-day sales cycle, the company announced on May 6.

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 3,350/tonne ($492/t), its HPB300 6-10mm wire rods stay priced at Yuan 3,390/t,