[Price Adjustment for Yonggang's Ordinary Steel in Phase 5-1 of 2025]

[Yonggang's Price Adjustment for Ordinary Steel in the First Phase of May 2025] On May 1, Jiangsu Yonggang announced the ex-factory prices for the first ten days of May, with rebar prices increased by 70 yuan/mt and wire rod prices increased by 60 yuan/mt. The current prices are 3,400 yuan/mt for rebar, 3,600 yuan/mt for ordinary wire rod, and 3,600 yuan/mt for coiled rebar. Rebates of 55 yuan/mt for rebar and 65 yuan/mt for wire rod were offered compared to the prices in the third phase of April. The monthly discount interest rates for electronic bank acceptance bills in this phase are 1.29‰ for first- and second-tier banks and 1.59‰ for third- and fourth-tier banks (compared to 1.13‰ and 1.43‰, respectively, for first- and second-tier banks and third- and fourth-tier banks in the previous phase). All the above prices are tax-inclusive and will be effective from May 1. [SMM Steel]