Author: Nabeera

Softer futures reflect cautious near-term steel market sentiment Weak demand continues amid rainfall disrupting construction activity China’s Shagang Steel has kept its long steel prices unchanged for late-June 2026 sales. The producer maintained prices for rebars (16-25 mm) at RMB 3,400/t ($500/t), coiled rebars (8-10 mm) at RMB 3,530/t ($519/t), and wire rods (6-10 mm)…