China: Shagang hikes rebar, wire rod prices by $7/t for mid-Jul’25 sales

China’s Shagang Steel has increased its rebar and wire rod prices by $7/t for mid-Jul’25 sales after keeping them stable for the past three consecutive rounds, as per sources. Prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,300/t ($460/t)
• Coiled rebars (8-10 mm): RMB 3,460/t ($483/t)
• Wire rods (6-10 mm): RMB 3,370/t ($470/t)