from steel bar manufacturer and steel plate manufacturer ----- check out the steel news all over the globe here China will intervene in the pricing of building materials when reconstructing those areas damaged by the May 12 earthquake. The government will limit profit margins and set guideline prices on materials such as tents, steel, cement, glass and bricks to secure stable costs, the National Development and Reform Commission said on its Website. Local governments have not been allowed to issue price increase measures recently and pricing authorities are forbidden to charge inordinately for disaster-relief products. Anyone involved in hoarding, price-gouging, spreading rumors or violating price intervention policies will be severely punished. The commission has also established a 24-hour hotline (12358) to handle complaints about price-gouging. Sichuan Province has sent out 12 teams to monitor market prices and so far more than 60 price gouging violations have been discovered, Li Chengyun, the deputy governor of the province, said yesterday. “We have also punished the people involved in another 96 cases of market violations,” he said. Li said the provincial supervision department was investigating whether people were misusing victims’ tents after media reported that some government officials had arranged for relatives to reside in the tents. “We have punished four Party officials in Dujiangyan,” Li said.
