Shagang holds list prices for steel longs for early-August sales

Shagang Group (Shagang), China's leading privately-owned steel firm and the country's largest electric-arc-furnace steelmaker, has decided to maintain its long-product list prices for sales over August 1-10 from the last ten days of July, according to the company's latest announcement on August 1.

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 3,300/tonne ($489/t), its price for HPB300 6-10mm wire