Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil for August this year.
Accordingly, the company has 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.
For July, the producer had kept its offer prices for HRC stable at RMB 3,450/mt ($482.5/mt) ex-works.