Posted on 02 Jul 2026
Shagang Group (Shagang), China's leading privately-owned steel firm and the country's largest electric-arc-furnace steelmaker, has decided to maintain its long-product list prices for sales over July 1-10 from the last ten days of June, according to the company's latest announcement on July 1.
The Zhangjiagang-based steel group updates its list prices for long products such as rebars three times a month to better reflect market dynamics, as reported.
With its latest pricing policy, Shagang continues to keep its price for HRB400 16-20mm rebar at Yuan 3,400/tonne ($501/t), its price for HPB300 6-10mm wire rods is still at Yuan 3,440/t, and that for HRB400 8-10mm bar-in-coil remains at Yuan 3,530/t, according to its announcement. All prices are EXW and include the 13% VAT.
In contrast, Zenith Steel and Jiangsu Yonggang Group, two steelmakers also based in East China's Jiangsu province, cut their list prices for long steel items by Yuan 30-100/t for the same sales cycle, Mysteel Global learned.
Demand for long products in East China is under pressure. On June 30, the spot price of Shagang-brand HRB400E 20mm rebar in Shanghai – Shagang's key sales market – came in at Yuan 3,150/t, down by Yuan 50/t from June 18, according to Mysteel's assessment.
Meanwhile, Shagang has also kept its flat product prices unchanged for July sales, according to its statement on the same day. As a result, the mill's prices for Q235 5.5*1500mm and SPHC 4.0*1250mm hot-rolled coils are still at Yuan 3,700/t and Yuan 3,710/t respectively this month, both including the 13% VAT.
Source:Mysteel Global
