China: Shagang Steel reduces long steel prices by $7/t for late-Apr’25 sales

China’s Shagang Steel has reduced its long steel product prices by RMB 50/t ($7/t) for late-Apr’25 sales. Revised prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,300/t ($453/t)
• Coiled rebars (8-10 mm): RMB 3,410/t ($468/t)
• Wire rods (6-10 mm): RMB 3,320/t ($455/t)