China: Shagang Steel reduces rebar prices by $7/t for early-Jun’25 sales

China’s Shagang Steel reduced rebar prices by $7/t for early-Jun’25 sales. Prices of coiled rebars and wire rods remained stable. Post revision, prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,250/t ($452/t)
• Coiled rebars (8-10 mm): RMB 3,410/t ($474/t)
• Wire rods (6-10 mm): RMB 3,320/t ($462/t)