China: Shagang Steel raises long steel prices by $7/t for mid-May'26 sales
China's Shagang Steel has raised its long steel prices by RMB 50/t ($7/t) for mid-May'26 sales. Post revision, prices of rebars, coiled rebars, and wire rods are as follows:
- Rebars (16-25 mm): RMB 3,400/t ($501/t)
- Coiled rebars (8-10 mm): RMB 3,530/t ($520/t)
- Wire rods (6-10 mm): RMB 3,440/t ($506/t)