New price of ribbed steel in market on July 5, 2016

Building material in July 5^th, 2016, : yesterday the price of building material increases in domestic market. Because price of billet steel rose at last weekend,  driving the market to rise. The price of different districts rise differently, but then the price of billet steel lower, so the recent overall turnover is not very good. But the demand for ribbed steel is continuing to be strong, which result in the good situation of steel market, and price of billet steel will rise. What is more, considering the pressure of different parts is not big, so the price in different districts will mainly rise, but face the risk to lower in the future.

The price of Beijing Steel (HRB400) is RMB 2290/ton, rose RMB10/ton than yesterday, price of Shanghai steel (HRB400) is RMB 2280/ton, rose RMB 20/ton, and price of Guangzhou steel (HRB400) is RMB 2610/ton, rose RMB 20/ton than yesterday.