Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for HRC for July this year.
Accordingly, the company has kept its offer price for Q235 5.5*1,500 mm HRC stable at RMB 3,700/mt ($543/mt) ex-works, for delivery in July.
Previously, the producer had kept its offer price for Q235 5.5*1,500 mm HRC stable at RMB 3,700/mt ex-works, for delivery in June.
Amid the widespread rainy weather and high temperatures which will continue to exert a negative impact on market sentiments, Shagang Group has decided to keep its HRC prices stable.
$1 = RMB 6.8088
