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

China’s Shagang Steel has raised its rebar and wire rod prices by RMB 50/t ($7/t) for late-Jul’25 sales, as per sources. Prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,350/t ($467/t)
• Coiled rebars (8-10 mm): RMB 3,510/t ($489/t)
• Wire rods (6-10 mm): RMB 3,420/t ($477/t)