It's reported that Chinese Valin LY Steel announced to cut the list prices of deformed steel bar by RMB50/ton on December 13rd.
After the adjustment, the ex-factory prices of HRB335 deformed steel bar with diameters of 16mm~25mm are at RMB4,800/ton; that of HRB335 deformed steel bar with a diameter of 12mm is at RMB5,020/ton and that of HRB335 deformed steel bar with a diameter of 14mm is at RMB4,930/ton.
The above prices include taxes and have become effective from December 13rd