Yonggang's May 2025 Second Phase Ordinary Steel Price Adjustment Announcement

[Yonggang's May 2025 2nd Phase Ordinary Steel Price Adjustment]

On May 11, Jiangsu Yonggang released its mid-May ex-factory prices, with rebar and wire rod/coil prices remaining stable. Current prices:

Rebar: 3,400 yuan/ton

Wire rod/coiled rod: 3,600 yuan/ton

Rebates for May 1st Phase:

Rebar: 105 yuan/ton

Wire rod/coiled rod: 110 yuan/ton

Electronic Bank Acceptance Bill Discount Rates for This Phase:

Category I & II Banks: 1.07‰

Provincial City Commercial Banks: 1.17‰

Category III & IV Banks: 1.37‰

All prices above include taxes and take effect from May 11.

[SMM Steel]