[Yonggang's Price Adjustment for Ordinary Steel in the First Phase of June 2025] On June 1, Jiangsu Yonggang announced the ex-factory prices for the first ten days of June, with rebar and wire rod prices both reduced by 100 yuan/mt. The current ex-factory price for rebar is 3,300 yuan/mt, and for wire rod and coiled rebar, it is 3,500 yuan/mt. A subsidy of 170 yuan/mt for rebar and 195 yuan/mt for wire rod will be provided for the May 21-31 period. The monthly discount interest rates for electronic bank acceptance bills in this phase are 1.23‰ for first- and second-tier banks, 1.33‰ for provincial city commercial banks, and 1.53‰ for third- and fourth-tier banks. All prices are tax-inclusive and will be effective from June 1. [SMM Steel]