China: Shagang Steel rolls over long steel prices for mid-May’25 sales

China’s Shagang Steel has rolled over long steel product prices for mid-May’25 sales. Revised prices of rebars, coiled rebars and wire rods are as follows:

• Rebars (16-25 mm):RMB 3,300/t ($458/t)
• Coiled rebars (8-10 mm):RMB 3,410/t ($473/t)
• Wire rods (6-10 mm):RMB 3,320/t ($460/t)