China: Shagang Steel cuts long steel prices for late-Apr’26 sales in first price revision in 7 months

China’s Shagang Steel has reduced its long steel prices for late-Apr’26 sales, marking the first price revision in seven months, that is, since 11 Sep’25. Rebar prices were reduced by RMB 100/t ($15/t), while coiled rebars and wire rods were cut by RMB 80/t ($12/t).

Revised prices are as follows:

• Rebars (16-25 mm): RMB 3,350/t ($491/t)
• Coiled rebars (8-10 mm): RMB 3,480/t ($510/t)
• Wire rods (6-10 mm): RMB 3,390/t ($497/t)