Markets
Baosteel raises main product prices for September
SHANGHAI : Baoshan Iron and Steel , China's largest-listed steelmaker, will raise its main product prices for September
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SHANGHAI: Baoshan Iron and Steel , China's largest-listed steelmaker, will raise its main product prices for September bookings, the company said on Friday.
Prices for hot-rolled coil will be kept unchanged, while those for cold-rolled steel prices will be raised by 120 yuan($18) per tonne.
The company's pricing moves usually set the tone for the industry as a whole, and other mills are likely to follow suit as the market expects a pick-up in steel demand after the summer.
Copyright Reuters, 2011
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