{"id":73425,"date":"2026-07-23T17:49:23","date_gmt":"2026-07-23T11:49:23","guid":{"rendered":"https:\/\/biztrend24.com\/?p=73425"},"modified":"2026-07-23T17:49:23","modified_gmt":"2026-07-23T11:49:23","slug":"china-shagang-steel-cuts-long-steel-prices-in-late-jul26","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=73425&lang=en","title":{"rendered":"China: Shagang Steel cuts long steel prices in late-Jul&#8217;26"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Seasonal weakness weighs on construction steel demand<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Buyers limit purchases amid subdued spot activity<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>China&#8217;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.<\/p>\n<p>The producer set prices at:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Rebars (16-25 mm): RMB 3,300\/t ($487\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Coiled rebars (8-10 mm): RMB 3,430\/t ($507\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Wire rods (6-10 mm): RMB 3,340\/t ($493\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Downstream buyers continued to procure mainly against immediate requirements as high temperatures and heavy rainfall suppressed construction activity during the traditional summer off-season.<\/p>\n<p>Meanwhile, October 2026 rebar futures on the SHFE rose by RMB 21\/t ($3\/t) to RMB 3,099\/t ($458\/t) on 23 July from RMB 3,078\/t ($455\/t) on 10 July. However, the improvement in futures failed to translate into stronger physical demand, highlighting the disconnect between futures sentiment and spot-market fundamentals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seasonal weakness weighs on construction steel demand Buyers limit purchases amid subdued spot activity China&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":73426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-73425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"featured_image_urls":{"full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?v=1784807357",1280,720,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-150x150.jpg?v=1784807357",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-300x169.jpg?v=1784807357",300,169,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-768x432.jpg?v=1784807357",640,360,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-1024x576.jpg?v=1784807357",640,360,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?v=1784807357",1280,720,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?v=1784807357",1280,720,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-1115x715.jpg?v=1784807357",1115,715,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-800x500.jpg?v=1784807357",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-1024x576.jpg?v=1784807357",1024,576,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-540x340.jpg?v=1784807357",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2-400x250.jpg?v=1784807357",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?v=1784807357","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/73425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73425"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/73425\/revisions"}],"predecessor-version":[{"id":73427,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/73425\/revisions\/73427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/73426"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}