August 30, 2008

Shuicheng to hold steel prices due to earthquake

It is reported that Shuicheng Iron and Steel Group has decided not to increase the prices of steel products in Chengdu and Chongqing areas, which are severely damaged by the recent earthquake.

The decision was collectively responded by most steel companies in Southwest China, who required that sales companies and distributors are not allowed to increase the price of steel products to deal with the aftermath and reconstruction together with people in these areas.

Shuigang announced that if any of their distributors increases the price, they should be informed so that they can take necessary action against such firms.