Yonggang's May 5-3rd Phase 2025 Ordinary Steel Price Adjustment On May 21, Jiangsu Yonggang released its late-May ex-factory prices: rebar and wire rod/coiled prices remained stable. Current prices are 3,400 yuan/ton for rebar and 3,600 yuan/ton for wire rod/coiled. For the May 2nd phase, a rebate of 120 yuan/ton for rebar and 130 yuan/ton for wire rod/coiled will be issued. The monthly discount interest rates for e-bank acceptance drafts are as follows: Category I & II banks: 1.08‰ Provincial city commercial banks: 1.18‰ Category III & IV banks: 1.38‰ All prices above are tax-inclusive and take effect from May 21. [SMM Steel]