China's largest privately owned steelmaker, Jiangsu Shagang Group, has rolled over its 

domestic rebar and wire rod list prices for sales over January 11-20, a mill source said F

riday. 

The price of Shagang's 16-25 mm diameter HRB 400 rebar will remain at Yuan 3,880/mt 

($575/mt), including 16% value added tax, the source said. 

The  steelmaker  has  cut  its  reba r list prices by a total of Yuan 900/mt since the end of 

November, mirroring falling spot market prices. The latest rebar list price is the lowest ince 

mid-April last year. 

Shagang's rollover reflects the slow and relatively stable spot market ahead of China's Lunar 

New Year holidays (February 4-10), which is unlikely to see any major adjustments for the 

rest of this month with market participants ceasing business to travel home , a Shanghai-

based trader said. 

Shagang also held its wire rod prices stable for January 11-20, putting HPB300 6.5 mm wire 

rod at Yuan 3,980/mt, including VAT, the source said. 

On Friday, the most active May rebar contract on the Shanghai Futures Exchange closed at 

Yuan 3,539/mt, up Yuan 25/mt, or 0.7% on the day.