China’s leading steel mill, Shagang Steel, has reduced its scrap procurement prices by RMB 30\/t ($4\/t) on 29 Dec’25. This marks the second price revision this month. Following this adjustment, prices of HMS (6-10 mm) are at RMB 2,330\/t ($332\/t), down from RMB 2,360\/t ($337\/t) on 12 Dec, inclusive of 13% VAT.<\/p>\n","protected":false},"excerpt":{"rendered":"
China’s leading steel mill, Shagang Steel, has reduced its scrap procurement prices by RMB 30\/t…<\/p>\n","protected":false},"author":1,"featured_media":52278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-52277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=1200%2C630&ssl=1?v=1767008107",1200,630,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?resize=150%2C150&ssl=1?v=1767008107",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=300%2C158&ssl=1?v=1767008107",300,158,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=640%2C336&ssl=1?v=1767008107",640,336,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=640%2C336&ssl=1?v=1767008107",640,336,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=1200%2C630&ssl=1?v=1767008107",1200,630,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=1200%2C630&ssl=1?v=1767008107",1200,630,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?resize=1115%2C630&ssl=1?v=1767008107",1115,630,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?resize=800%2C500&ssl=1?v=1767008107",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=1024%2C538&ssl=1?v=1767008107",1024,538,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?resize=540%2C340&ssl=1?v=1767008107",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?resize=400%2C250&ssl=1?v=1767008107",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-29T173414.961_1200x630.jpg?fit=1200%2C630&ssl=1?v=1767008107","jetpack-related-posts":[{"id":60370,"url":"https:\/\/biztrend24.com\/?p=60370&lang=en","url_meta":{"origin":52277,"position":0},"title":"China: Shagang Steel raises scrap procurement prices by $7\/t","author":"Biz Trend 24","date":"March 11, 2026","format":false,"excerpt":"China's leading steel mill, Shagang Steel, has increased its scrap procurement prices by RMB 50\/t ($7\/t), effective 10 Mar'26. This marks the first price revision this month. Following this adjustment, prices of HMS (6-10 mm) were at RMB 2,480\/t ($360\/t), up from RMB 2,430\/t ($353\/t) on 18 Feb'26, inclusive of\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-11T143956.939.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-11T143956.939.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-11T143956.939.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-11T143956.939.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-11T143956.939.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":51774,"url":"https:\/\/biztrend24.com\/?p=51774&lang=en","url_meta":{"origin":52277,"position":1},"title":"China: Shagang Steel keeps long steel prices stable for late-Dec’25 sales","author":"Biz Trend 24","date":"December 24, 2025","format":false,"excerpt":"China's Shagang Steel has rolled over its long steel prices for late-Dec'25 sales, keeping levels unchanged since 11 Sep'25. Prices of rebars, coiled rebars, and wire rods are as follows: Rebars (16-25 mm):\u00a0RMB 3,450\/t ($492\/t) Coiled rebars (8-10 mm):\u00a0RMB 3,560 ($507\/t) Wire rods (6-10 mm):\u00a0RMB 3,470\/t ($494\/t)","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-24T122705.812_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766557639&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-24T122705.812_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766557639&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-24T122705.812_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766557639&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-24T122705.812_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766557639&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-24T122705.812_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766557639&resize=1050%2C600 3x"},"classes":[]},{"id":73425,"url":"https:\/\/biztrend24.com\/?p=73425&lang=en","url_meta":{"origin":52277,"position":2},"title":"China: Shagang Steel cuts long steel prices in late-Jul’26","author":"Biz Trend 24","date":"July 23, 2026","format":false,"excerpt":"Seasonal weakness weighs on construction steel demand Buyers limit purchases amid subdued spot activity China's Shagang Steel has cut its domestic long steel prices by RMB 100\/t ($15\/t) for late-July 2026 sales, reflecting cautious sentiment as weak seasonal demand and subdued spot activity weigh on the market. The producer set\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59572,"url":"https:\/\/biztrend24.com\/?p=59572&lang=en","url_meta":{"origin":52277,"position":3},"title":"China: Shagang Steel keeps long steel prices stable for early-Mar’26 sales","author":"Biz Trend 24","date":"March 5, 2026","format":false,"excerpt":"China's Shagang Steel has continued to keep its long steel prices unchanged for early-Mar'26 sales, with no price revisions announced since 11 Sep'25. Prices of rebars, coiled rebars, and wire rods are as follows: Rebars (16-25 mm):\u00a0RMB 3,450\/t ($500\/t) Coiled rebars (8-10 mm):\u00a0RMB 3,560 ($516\/t) Wire rods (6-10 mm):\u00a0RMB 3,470\/t\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-05T133451.425.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-05T133451.425.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-05T133451.425.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-05T133451.425.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-05T133451.425.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70598,"url":"https:\/\/biztrend24.com\/?p=70598&lang=en","url_meta":{"origin":52277,"position":4},"title":"China weekly: Steel prices extend decline amid seasonal demand slowdown","author":"Biz Trend 24","date":"July 5, 2026","format":false,"excerpt":"Australian PHCC holds firm despite subdued spot buying. Shagang steel maintains long steel prices unchanged for early July. China's steel prices show downward trend in the week ended 3 July 2026. Chinese HRC and rebar prices dropped with the market facing a seasonal slowdown. Furthermore, on the raw materials front,\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-42.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-42.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-42.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-42.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-42.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":73428,"url":"https:\/\/biztrend24.com\/?p=73428&lang=en","url_meta":{"origin":52277,"position":5},"title":"China: Ferrous scrap market stabilises in mid-Jul’26 as supply constraints offset weak seasonal demand","author":"Biz Trend 24","date":"July 23, 2026","format":false,"excerpt":"High temperatures, flooding, tighter recycling norms limit scrap supply Mills keep inventories low at 8-9 days amid weak finished steel demand China's domestic scrap steel market has exhibited typical off-season characteristics since the start of July, marked by weak supply and demand, narrow price fluctuations, and regional divergence. 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