Posted on 15 Apr 2026
Shagang Group (Shagang), China's leading privately-owned steel firm and largest electric-arc-furnace (EAF) steelmaker, has decided to hold its long-product list prices for sales over April 11-20 unchanged from the first ten days of this month, according to the company's Saturday announcement.
The Zhangjiagang-based steel giant has maintained its long steel prices at the same level since late September last year, Mysteel Global notes. Shagang updates its list prices for long steel products such as rebars three times a month to better reflect market dynamics, as reported.
With the latest adjustment, the price for Shagang's HRB400 16-20mm rebar remains flat at Yuan 3,450/tonne ($505/t), its HPB300 6-10mm wire rods stay priced at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil is still at Yuan 3,560/t. All prices are EXW and include the 13% VAT.
On April 11, Yonggang, another steelmaker based in East China's Jiangsu province, also rolled over its list prices for long steel items for mid-April sales, Mysteel Global learned.
The price rollovers partly reflect steelmakers' cautious stance toward the near-term market since the pace of demand recovery has been slower than expected for April - a typical peak season for long steel consumption in China, according to a Shanghai-based analyst.
In parallel, retail inventories of construction steel items continued to decline amid the consumption recovery. The combined tonnage of rebar and wire rod held in the 35 commercial warehouses under Mysteel's coverage registered 7.19 million tonnes by April 9, down by 2.1% on week ago, though it was still 10.9% higher than the year-prior level, indicating certain pressure on the prices.
Mysteel assessed the spot price for HRB400E 20mm dia rebar in Shanghai – a main destination for Shagang-brand rebar – Yuan 10/t lower from April 1 to sit at Yuan 3,210/t by April 10.
Source:Mysteel Global
