December 03, 2008

Zenith Steel raises steel prices

China’s Zenith Steel Group Corporation has announced to increase the steel price, effective from April 11th 2008.

The released added that the new price rise will be CNY 60 per tonne for high speed wire and CNY 50 per tonne for rebar.

Current price for Q235 high speed steel wire with diameter 6.5mm is bout CNY 5,180 per tonne while HRB335 with diameter 16mm~25mm is about CNY 4,920 per tonne.