[Yonggang General Steel Price Adjustment for Phase 3-2 of 2026]

Published: Mar 11, 2026 15:48

Save

[Yonggang's General Steel Price Adjustment for Issue 3-2, 2026] Rebar and Wire Rod Both Remained Unchanged

[Yonggang’s 2026 March, Phase 3-2 General Steel Price Adjustment] Yonggang’s 2026 March, Phase 3-2 construction steel price adjustment: rebar and wire rod remained unchanged; current prices are rebar at 3,450 yuan/mt, common wire rod at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt; for Phase 2-2, Phase 2-3, and Phase 3-1, compensation of 190 yuan/mt for rebar and 240 yuan/mt for wire rod will be provided; for this phase, the monthly discount interest rates for electronic bank acceptance bills are 1.29‰ for Tier 1 and Tier 2 banks, 1.39‰ for provincial city commercial banks, and 1.59‰ for Tier 3 and Tier 4 banks. Starting from Phase 3-2, the premium for Yonggang rebar Φ22 relative to the Φ18 base-price specification was adjusted from 30 yuan/mt to 50 yuan/mt, and the premium for Φ25 relative to the Φ18 base-price specification was adjusted from 50 yuan/mt to 80 yuan/mt; other specifications will be implemented according to the original standard. For details, please refer to the "Yonggang 2026 March, Phase 3-2 Long-Term Contract Price List for Construction Steel" (effective from March 11, subject to the client’s ten-day plan attribution time) [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Daily Review on Sheets & Plates] Spot Prices Rose Slightly, with Divergent Trading Performance Across Regions

Today, the most-traded hot-rolled coil contract closed at 3,269, up 0.28%. In the spot market, spot hot-rolled prices in China were mostly stable with some gains, while spot cold-rolled prices were largely stable. Overall trading sentiment was moderate, and transactions at lower prices were moderate. Short term, hot-rolled coil inventory was expected to continue building up this week, though at a slower pace. Before the inflection point of inventory destocking emerges, finished steel products will likely struggle to break out of the broader market trend independently. In the short term, prices were expected to fluctuate rangebound in line with cost movements, with the HRC May contract facing pressure around 3,285.

2 hours ago

4 hours ago

[SMM Steel] SAIL records highest sales of 18.24 mt in Apr–Feb FY2025/26

[SMM Steel] India’s Steel Authority of India Limited (SAIL) reported record sales of 18.24 million tonnes during April–February FY2025/26, up 14% YoY, according to the Ministry of Steel. The company also achieved cash collections exceeding ₹1 lakh crore (+10% YoY), with February sales reaching 1.58 mt.

4 hours ago

MMi Daily Iron Ore Report (March 11)

Iron ore futures fluctuated with a strengthening bias today, with the main contract I2605 ultimately closing at 787.5 yuan per ton, up 0.90% from the previous trading session.

4 hours ago