China: Shagang Steel keeps long steel prices unchanged for early-Feb’25

China’s Shagang Steel has kept prices of its long steel products – rebars, coiled rebars, and wire rods – unchanged for early-Feb’25 sales. Effective prices now stand at:

• Rebar (16-25 mm): RMB 3,500/t ($480/t)
• Coiled rebar (8-10 mm): RMB 3,510/t ($482/t)
• Wire rod (6-10 mm): RMB 3,420/t ($469/t)