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
1 min
By
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