Chinese Hebei Steel hikes rebar contract prices for August

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Publish time: 29th August, 2013      Source: ChinaCCM
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It's reported that the Chinese steelmaker Hebei Steel announced its rebar contract prices for August.

Hebei Steel decided to raise its contract prices for HRB400 rebar with diameter of 18mm-25mm by RMB30/ton to RMB3, 480/ton for August.

Industry source expected that the spot prices would rise further and the mills' agents could make some profits.