Yonggang's June 2025 Price Adjustment and Subsidy Policy for Ordinary Steel

Published: Jun 3, 2025 10:02

Save

[Yonggang's Price Adjustment for Ordinary Steel in the First Phase of June 2025] On June 1, Jiangsu Yonggang announced the ex-factory prices for the first ten days of June, with rebar and wire rod prices both reduced by 100 yuan/mt. The current ex-factory price for rebar is 3,300 yuan/mt, and for wire rod and coiled rebar, it is 3,500 yuan/mt. A subsidy of 170 yuan/mt for rebar and 195 yuan/mt for wire rod will be provided for the May 21-31 period. The monthly discount interest rates for electronic bank acceptance bills in this phase are 1.23‰ for first- and second-tier banks, 1.33‰ for provincial city commercial banks, and 1.53‰ for third- and fourth-tier banks. All prices are tax-inclusive and will be effective from June 1. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 30, 2026 22:29

[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income

According to POSCO’s Q1 2026 earnings call, the company has introduced its third interim shareholder return policy and shifted from a free-cash-flow-based approach to a more earnings-linked framework. The new policy targets a shareholder return ratio of 35%-40% of adjusted net profit attributable to controlling interests, to be delivered through a mix of cash dividends and share buybacks or cancellations. POSCO said the change is intended to improve payout visibility while balancing growth investment and shareholder returns.

Apr 30, 2026 22:29

Apr 30, 2026 22:27

[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins

According to POSCO’s Q1 2026 earnings call, the ongoing US-Iran conflict has pushed up FX, oil, LNG, and logistics costs, creating clear pressure on steel margins. The company said that although sales volumes, production, and utilization rates recovered sequentially, raw material sourcing costs remain elevated due to disruptions linked to the Middle East situation, and this cost pressure is expected to continue into the second quarter.

Apr 30, 2026 22:27

Apr 30, 2026 18:50

[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May

Apr 30, 2026 18:50