Posted on 02 Dec 2025
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its list prices for long products for sales during December 1-10 from its previous ten-day sales period, the company announced Monday.
The company's latest pricing policy means that Shagang continues to keep its price for HRB400 16-20mm rebar at Yuan 3,450/tonne ($488/t), its HPB300 6-10mm wire rod stays priced at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil is at Yuan 3,560/t, according to its announcement. All prices are EXW and include the 13% VAT.
Shagang, also the country's largest electric-arc-furnace steelmaker, updates its longs list prices three times a month to better reflect market dynamics, as Mysteel Global has reported.
Its latest decision marks the eighth consecutive pricing cycle where Shagang has opted to roll over its longs prices, observed a market source, adding that the East China mill is maintaining a cautious stance towards the long steel market for the near-term.
Construction steel prices trended upwards in late-November amid recovering long steel market fundamentals, according to Mysteel's weekly report. End-user demand picked up slightly amid bullish market sentiment, which outpaced the production rise and led to a drawdown in long steel inventories, Mysteel Global noted.
Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,291/t including the 13% VAT on November 28, up by Yuan 25/t from the level on November 20.
Daily spot trading volume of construction steel products including rebar, wire rod and bar-in-coil among the 237 trading houses Mysteel follows averaged 102,965 tonnes/day in late-November, gaining by 3% or 2,989 t/d from November 11-20.
The combined inventory of rebar and wire rod in commercial warehouses in 132 cities under Mysteel's coverage totalled 7.2 million tonnes as of November 27, down by 3.8% or 281,600 tonnes from November 20.
Source:Mysteel Global
