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China's Shagang raises long steel prices by another $7/t
Shagang Group, China’s largest long steel producer in East China’s Jiangsu province, will raise all its long steel prices by another Yuan 50/tonne ($7/t) for sales over June 11-20, and this has been the third price increase in a row since May 20-31, the company announced on June 11.
After the latest adjustment, Shagang’s HRB400 16-25mm dia rebar is offered at Yuan 3,850/t, its HPB300 6-10mm high-speed wire rod at Yuan 3,910/t and the HRB400 8-10mm bar-in-coil at Yuan 3,950/t. All prices are in terms of EXW and including the 13% VAT.
Contact: Ken Zhang
Phone: +86 176 6090 9829
E-mail: prancesteel@gmail.com
Add: Economic Development District , Qingdao City, Shandong Province,China