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Apr,14,2008 Zenith Steel raises steel prices

China¡¯s Zenith Steel Group Corporation has announced to increase the steel price, effective from 11 April.

The new price rise will be RMB60/ton for high speed wire and RMB50/ton for rebar.

Current price for Q235 high speed steel wire with diameter 6.5mm is bout RMB5,180/ton while HRB335 with diameter 16mm~25mm is about RMB4,920/ton.