Shagang raises list prices for steel longs for mid-Sept sales

Shagang Group (Shagang), China's largest electric-arc-furnace steelmaker, has decided to lift its long-product list prices by Yuan 50-150/tonne ($7.5-22.4/t) for sales over September 11-20 from the first ten days of this month, according to the company's latest pricing announcement issued on September 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 has raised its rebar list prices by Yuan 50/t, with the new price for its HRB400 16-20mm rebar now