Tag: Shagang slashes longs list prices by another $14/t for mid-Jan sales

Downtrend in domestic steel tags prompts price cut Spot trading volume weakens by 16.4% from late-Dec Mysteel: Shagang Group (Shagang), China’s leading private steelmaker headquartered in Zhangjiagang in East China’s Jiangsu province, has cut its list prices of rebars, wire rods, and bar-in-coils by RMB 100/tonne (t) ($13.6/t) for sales during the middle ten days…