Shagang Group's Construction Steel Price Policy in Early April 2025

【Shagang Construction Steel Price Policy】On April 1, Shagang announced the ex-factory prices for the first ten days of April. The prices of rebar and wire rod were both reduced by 50 yuan/mt, with the current rebar price at 3,350 yuan/mt, high-speed wire rod at 3,370 yuan/mt, and coiled rebar at 3,460 yuan/mt. A reward of 100 yuan/mt was offered for the third phase of rebar in March, and a reward of 30 yuan/mt was offered for coiled rebar. The above prices are all tax-inclusive and will be effective from April 1, 2025. 【SMM Steel】