Shagang Group keeps local HRC prices stable for February

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

Accordingly, the company has kept its offer prices for Q235B 5.75 mm x 1,500 mm HRC stable at RMB 3,650/mt ($509/mt) ex-works.   

For January, the producer had cut its offer prices for HRC by RMB 150/mt ($21/mt) to RMB 3,650/mt ($509/mt) ex-works.