Shagang Group raises local HRC prices by $14/mt for June

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

Accordingly, the company has raised its offer prices for Q235 5.5 mm x 1,500 mm HRC by RMB 100/mt ($14/mt) to RMB 4,100/mt ($570/mt) ex-works.

In May, the producer had kept its offer prices for Q235 5.5 mm x 1,500 mm HRC stable at RMB 4,000/mt ($563/mt) ex-works.