October 11, 2008

5 Chinese steelmakers set construction steel prices for March shipments

It is reported that at a price setting conference on February 27th 2008, five steelmakers in North China, Shougang, Tangshan Steel, Xuanhua Steel, Chengde Steel and Tianjin Steel has fixed construction steel prices for March shipments as follows.

1. Wire Rod price up by CNY 520 per tonne on the basis of February prices
Price of Q235 6.5mm high speed wire rod is raised to CNY 4850 per tonne.

2. Rebar price up by CNY 500 per tonne
Prices of HRB335 16mm to 25mm rebar are lifted to CNY 4830 per tonne.

All price listed below include 17% VAT freight cost for haulage to Beijing.