Coordinated Mechanism for Rebar in Shandong

Several major rebar producers in Shandong have forged what analysts described a coalition, or a price alliance, in order to sustain a certain profit level and share benefits from this market. The participating members, led by Shandong Steel Group, will hold a regular meeting every month to exchange information and move at a concerted pace. Among the participants are Rizhao Steel, Shiheng Special, Laigang Yongfeng, Minyuan Steel, Xiwang Steel and Luli Group.