China: Shagang Steel rolls over long steel prices for early-May’25 sales

China’s Shagang Steel has rolled over long steel product prices for early-May’25 sales. Revised prices of rebars, coiled rebars, and wire rods are as follows:

• Rebars (16-25 mm): RMB 3,300/t ($453/t)

• Coiled rebars (8-10 mm): RMB 3,410/t ($468/t)

• Wire rods (6-10 mm): RMB 3,320/t ($455/t)