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Baosteel to raise main steel product prices for April
March 8, 2013 / 7:06 AM / 5 years ago

Baosteel to raise main steel product prices for April

SHANGHAI, March 8 (Reuters) - 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 Wong

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