China: Shagang Steel keeps long steel prices stable for early-May'26 sales
China's Shagang Steel has kept its long steel prices unchanged for early-May'26 sales, after cutting them in late-April. Prices of rebars, coiled rebars, and wire rods are as follows:
- Rebars (16-25 mm): RMB 3,350/t ($492/t)
- Coiled rebars (8-10 mm): RMB 3,480/t ($512/t)
- Wire rods (6-10 mm): RMB 3,390/t ($498/t)