[Shagang Construction Steel Pricing Policy for Early May 2026]

Yongsteel 2026 Period 5-1 construction steel price adjustment: rebar and wire rod both remained stable; current rebar at 3,450 yuan/mt, plain wire rod at 3,650 yuan/mt, coiled rebar at 3,650 yuan/mt; compared with Period 4-3, rebar received a supplement of 160 yuan/mt, wire rod received a supplement of 185 yuan/mt; the electronic bank acceptance monthly discount rates for this period were 0.85‰ for Category I and II banks, 0.95‰ for provincial city commercial banks, and 1.15‰ for Category III and IV banks. [SMM Steel]

On April 30, 2026, Zenith Steel released its pricing policy for the first ten days of May. I. Supplementary price adjustment for the third ten-day period of April: 1. Wire rod: 130 2. Rebar: 145 II. Provisional prices for the first ten-day period of May: 1. Wire rod: 3,600 2. Rebar: 3,400 III. The benchmark interest rate for monthly acceptance bill discounting was adjusted to 0.86‰. [SMM Steel]