Shagang raises list prices for long products for mid-May sales

Shagang Group (Shagang), China's leading privately-owned steel firm and its largest electric-arc-furnace steelmaker, has decided to lift its long-product list prices for sales over May 11-20 by Yuan 50/t ($7.3/t) from the first ten days in May, the company announced on May 11.

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. With its latest pricing policy, Shagang's new price for its HRB400 16-20mm rebar is Yuan 3,400/t, that for its HPB300 6-10mm wire rod is Yuan