Shagang Group keeps local HRC prices stable for September

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

Accordingly, the company has kept its offer prices for 5.75 mm x 1,500 mm Q235B HRC stable at RMB 3,650/mt ($514/mt) ex-works.   

For August, the producer had raised its offer prices for 5.75 mm x 1,500 mm Q235B HRC by RMB 200/mt ($28/mt) to RMB 3,650/mt ($510.5/mt) ex-works.