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China's Baosteel hikes steel product prices for March
January 22, 2013 / 2:11 AM / 5 years ago

China's Baosteel hikes steel product prices for March

SHANGHAI, Jan 22 (Reuters) - China’s Baoshan Iron & Steel , the country’s biggest listed steelmaker, will raise March booking prices for its main steel products, it said in a website statement on Tuesday, marking the third rise in a row this year.

The company will raise both hot-rolled coil and cold-rolled coil prices by 200 yuan ($32.15) a tonne.

Baosteel’s pricing decisions usually set the tone for the rest of the market.

$1 = 6.2213 Chinese yuan Reporting by Ruby Lian and Fayen Wong; Editing by Paul Tait

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