Shagang holds list prices for steel longs for early November sales

Shagang Group (Shagang), China's leading privately owned steelmaker and the country's largest electric-arc-furnace (EAF) steel producer, has decided to keep its list prices for long steel products unchanged for November 1-10 sales from those for the final eleven days of October, according to the company's latest announcement on November 1.

The Zhangjiagang-based steel group adjusts its list prices for long products, including rebar, three times a month to better reflect market conditions, as reported. Under the latest pricing policy, Shagang will continue to offer HRB400 16-20mm rebar at Yuan 3,450/tonne ($519/t), its HPB300 6-10mm wire rod stays listed at Yuan