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

China’s Shagang Steel rolled over long steel product prices for late-May’25 sales. Prices of rebars, coiled rebars, and wire rods were 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 ($461/t)