Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil for December this year.
Accordingly, the company has cut its offer prices for 5.75 mm x 1,500 mm Q235B HRC by RMB 150/mt ($21/mt) to RMB 3,500/mt ($495/mt) ex-works, for delivery in December.
For November, the producer had kept its offer prices for HRC stable at RMB 3,650/mt ($514/mt) ex-works
