China: Shagang rolls over long steel prices for mid-Jun’26 sales

China’s Shagang Steel has kept its long steel prices unaltered for mid-June’26 sales amid subdued domestic demand and slower trade activities in the region. Prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,400/t ($502/t)
• Coiled rebars (8-10 mm): RMB 3,530/t ($521/t)
• Wire rods (6-10 mm): RMB 3,440/t ($508/t)