Tag: Shagang lifts long steel prices by $7/t for late Nov sales

Shagang Group (Shagang), China’s leading privately-owned steelmaker in East China’s Jiangsu province, has raised its list prices of rebar, wire rod and bar-in-coil by Yuan 50/tonne ($7/t) for domestic dales over November 21-30, the company announced on November 21. With the latest price adjustment, Shagang’s HRB400 16-25mm price climbs to Yuan 3,950/t, the first time…