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

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

• Rebars (16-25 mm): RMB 3,500/t ($482/t)
• Coiled rebars (8-10 mm): RMB 3,610/t ($497/t)
• Wire rods (6-10 mm): RMB 3,520/t ($485/t)