China: Shagang Steel cuts rebar, wire rod prices for mid-Sep’25 sales

China’s Shagang Steel has cut its rebar prices by RMB 100/t ($14/t), while tags of wire rod and coiled bars were reduced by RMB 150/t ($21/t) for mid-Sep’25 sales, as per sources. Prices of rebars, coiled rebars, and wire rods were as follows:

• Rebars (16-25 mm): RMB 3,450/t ($484/t)
• Coiled rebars (8-10 mm): RMB 3,560/t ($500/t)
• Wire rods (6-10 mm): RMB 3,470/t ($487/t)