Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil for January this year.
Accordingly, the company has kept its offer prices for 5.75 mm x 1,500 mm Q235B HRC stable at RMB 3,500/mt ($498/mt) ex-works, for delivery in January.
For December, the producer had 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.
$1 = RMB 7.023