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

Shagang Group (Shagang), China's leading privately owned steelmaker and the country's largest electric-arc-furnace steelmaker, has decided to keep its list prices for long steel products unchanged for sales over November 11-20 from the first ten days of this month, according to the company's latest announcement on November 11.

The Zhangjiagang-based steelmaker adjusts its list prices for long products, including rebar, three times a month to better reflect market conditions, as Mysteel has reported. Under the latest pricing policy, Shagang will continue to offer HRB400 16-20mm rebar at Yuan 3,450/tonne ($517/t), HPB300 6-10mm wire rod at Yuan 3,490/t, and