{"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":{"_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-73425","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\/2026\/07\/Untitled-design-47-2.jpg?fit=1280%2C720&ssl=1?v=1784807357",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?resize=150%2C150&ssl=1?v=1784807357",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=300%2C169&ssl=1?v=1784807357",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=640%2C360&ssl=1?v=1784807357",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=640%2C360&ssl=1?v=1784807357",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1280%2C720&ssl=1?v=1784807357",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1280%2C720&ssl=1?v=1784807357",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?resize=1115%2C715&ssl=1?v=1784807357",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?resize=800%2C500&ssl=1?v=1784807357",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1024%2C576&ssl=1?v=1784807357",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?resize=540%2C340&ssl=1?v=1784807357",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?resize=400%2C250&ssl=1?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:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-47-2.jpg?fit=1280%2C720&ssl=1?v=1784807357","jetpack-related-posts":[{"id":51774,"url":"https:\/\/biztrend24.com\/?p=51774&lang=en","url_meta":{"origin":73425,"position":0},"title":"China: Shagang Steel keeps long steel prices stable for late-Dec&#8217;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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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":67304,"url":"https:\/\/biztrend24.com\/?p=67304&lang=en","url_meta":{"origin":73425,"position":1},"title":"China weekly: Steel prices fall amid cautious sentiment despite rising coke costs","author":"Biz Trend 24","date":"June 7, 2026","format":false,"excerpt":"Construction sector weakness weighs on steel sentiment Mine safety inspections restrict domestic coking coal supply China's steel prices fell in the week ended 5 June 2026, with the market facing a seasonal slowdown. On the raw materials front, prices of iron ore trended downward, though domestic coke prices increased w-o-w,\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-21.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-21.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-21.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-21.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-21.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59572,"url":"https:\/\/biztrend24.com\/?p=59572&lang=en","url_meta":{"origin":73425,"position":2},"title":"China: Shagang Steel keeps long steel prices stable for early-Mar&#8217;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. 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