Shagang Group keeps local HRC prices stable for October

Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil for October this year.     

Accordingly, the company has kept its offer prices for Q235 5.5 mm x 1,500 mm HRC stable at RMB 4,200/mt ($585/mt) ex-works.    

In September, the producer had cut its offer prices for Q235 5.5 mm x 1,500 mm HRC by RMB 100/mt ($14/mt) to RMB 4,200/mt ($585/mt) ex-works.    

$1 = RMB 7.1789