Shagang Industrial Wire Rod Price Adjustment Information on April 11

Champion Iron Limited announced the successful completion of its voluntary cash tender offer for the acquisition of Rana Gruber on April 10, 2026. This acquisition provides Champion Iron with an established iron ore operation in Norway, featuring an annual production capacity of approximately 1.8 million tons of high-grade hematite concentrates. The strategic move expands Champion’s presence in the European market and diversifies its high-grade asset portfolio for green steel feedstock.

On April 10, 2026, Zenith Steel released its mid-April pricing policy. I. Supplementary price adjustment for the 1st ten-day period of April: 1. Wire rod 260 2. Rebar 180 II. Provisional prices for the 2nd ten-day period of April: 1. Wire rod 3,600 (↓100) 2. Rebar 3,400 III. The benchmark interest rate for bank acceptance bill monthly discounting was adjusted to 0.99‰ [SMM Steel]

[Yongsteel 2026 Period 4-2 Carbon Steel Price Adjustment] Yongsteel 2026 Period 4-2 construction steel price adjustment: rebar and wire rod both remained stable. Current prices were rebar at 3,450 yuan/mt, plain wire rod at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt. Compared with Period 4-1, rebar received a supplement of 200 yuan/mt and wire rod a supplement of 270 yuan/mt. The electronic bank acceptance monthly discount rates for this period were 1.19‰ for Category I and II banks, 1.29‰ for provincial city commercial banks, and 1.49‰ for Category III and IV banks. [SMM Steel]