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

Shagang Group (Shagang), China's leading privately-owned steel firm and the country's largest electric-arc-furnace steelmaker, has decided to roll over its long-product list prices for sales for the June 11-20 period from the early June sales cycle, the company announced on June 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 continues to keep its price for HRB400 16-20mm rebar at Yuan 3,400/tonne ($502/t), its HPB300 6-10mm wire rods remain