Summary of Price Adjustment Information from Some Steel Mills

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Yonggang’s May 1, 2026, Construction Steel Price Adjustment: Rebar and coil remain stable; current rebar is 3,450 RMB/ton, plain wire 3,650 RMB/ton, coil 3,650 RMB/ton; a supplement of 160 RMB/ton for 4-3 phase rebar, and 185 RMB/ton for coil; the electronic bank acceptance monthly discount rate for this period is 0.85‰ for first and second-tier banks, 0.95‰ for provincial city commercial banks, and 1.15‰ for third and fourth-tier banks.
On May 1, Shagang announced factory prices for early May, with rebar and coil prices temporarily stable; current rebar is 3,350 RMB, coil 3,480 RMB; all prices include tax, effective from May 1, 2026.
Zhongtian Steel released its early May price policy, with a 4-3 phase price difference: 1. coil 130, 2. rebar 145.
For the 5-1 phase, tentative prices are: 1. coil 3,600 RMB, 2. rebar 3,400 RMB.
The benchmark monthly discount rate for acceptance has been adjusted to 0.86‰ (SMM).

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