SHANGHAI, March 8 China's Baoshan Iron & Steel
, the country's biggest listed steelmaker by market
value, said on Friday it would raise April booking prices for
its main steel products, suggesting it sees a stronger outlook
for steel demand.
Baosteel's pricing decisions usually set the tone for the
rest of the market. The company will raise hot-rolled coil,
mainly for manufacturing, and cold-rolled coil mainly for
automaking, by 150 yuan ($24.11) per tonne.
($1 = 6.2202 Chinese yuan)
(Reporting by Ruby Lian and Fayen Wong; Editing by Jacqueline