Shagang hikes construction steel prices

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Publish time: 24th March, 2012      Source: ChinaCCM
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Chinese Shangang announced to raise the ex-factory prices of construction steel by RMB30~RMB100/ton averagely for the second half of March.

The company decided to hike the ex-factory prices of rebar by RMB30ton and to increase the ex-factory prices of high-speed wire and coiled reinforced bar by RMB100/ton.

Industry sources predicted that Shangang's price hike for the second half of March will be supported by the active construction activity in March