Several major steel corporations in Shandong Province,
China including Shandong Iron and Steel Group, Rizhao Iron and Steel Co., Ltd, Shiheng Special Steel Company, Laigang Yongfeng Iron and Steel Co., Ltd, Minyuan Iron and Steel Co., Ltd, Xiwang Iron and Steel Co., Ltd as well as Luli Iron and Steel Group have recently set up a ‘
rebar producers coalition', aiming at avoiding big fluctuations of steel prices through frequent communication and regular meetings held once a month.