Zenith Steel released its price policy for mid-June.

Semi-Annual Review and Outlook: Capacity Expansion Continues to Suppress Prices, Non-oriented Struggles to Shake Off Downturn Shadow

This week, social HRC inventory stood at 2.7111 million mt, down 46,300 mt from the previous week, down 1.68% WoW, up 40.52% YoY, and up 36.71% YoY based on the lunar calendar. This week, HRC mill inventory stood at 974,800 mt, up 17,000 mt from the previous week, up 1.85% WoW, down 6.15% YoY, and down 5.42% YoY based on the lunar calendar. This week, total HRC inventory stood at 3.6859 million mt, down 28,600 mt from the previous week, down 0.77% WoW, up 24.19% YoY, and up 22.30% YoY based on the lunar calendar.

[June 11 Shagang Industrial Wire Rod Price Adjustment] On June 11, 2026, Shagang announced its mid-June pricing policy. This adjustment is based on the “June 11 Shagang Premium Wire Rod Product Price Adjustment Information.” Premium wire rod prices remain unchanged, with current prices as follows: 45# (3,710 yuan/mt), 82B (4,010 yuan/mt), 35K (3,680 yuan/mt), and PC steel Φ8-12 (3,700 yuan/mt). [SMM Steel]