Shagang further raises list prices for steel longs for late-Sept sales

Shagang Group (Shagang), China's largest electric-arc-furnace steelmaker, has lifted its long-product list prices by another Yuan 50/tonne ($7.5/t) for sales over September 21-30 from the middle ten days of this month, according to the company's latest pricing announcement issued on September 21.

This marks the second consecutive pricing cycle for the steel giant to raise its ex-works prices for its long steel items – something the East China mill hasn't done since November 2023, Mysteel Global observed. The Zhangjiagang-based steel group updates its list prices for long products such as rebars three