Baosteel raises main steel product prices for Dec | China Fastener .info

Article by · 2012/11/14 ·

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* Baosteel raises prices by 100 yuan/T

* Wuhan Steel may also raise prices by 50-100 yuan/T

SHANGHAI, Nov 12 (Reuters) – Baoshan Iron & Steel , China’s biggest listed steelmaker, said on Monday it will raise its main steel product prices for December by 100 yuan ($16) a tonne, in line with a modest pick-up in demand.

Baosteel’s pricing decisions are seen by the market as a signal of the near-term outlook for steel. (…)

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