Shagang holds list prices for long products for late-May sales

Shagang Group (Shagang), China's leading privately-owned steel firm and largest electric-arc-furnace steelmaker, has decided to roll over its long-product list prices for sales over May 21-31 from the middle ten days of this month, according to the company's announcement on May 21.

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 3,400/tonne ($500/t), its HPB300 6-10mm wire rods stay priced at Yuan 3,440/t,