* More steel mills follow Baosteel with similar price rises
* Steel demand to stay firm on solid economy growth
* Steel inventories down 3.24 pct in July from June
* Iron ore price up 1.5 pct in July (Adds CISA monthly report)
SHANGHAI, Aug 16 (Reuters) – More of China’s leading steel mills have decided to raise prices of their main products for September bookings, aiming to catch up with rising spot market prices and in anticipation of stronger demand next month.
Two leading mills, Wuhan Iron & Steel Co Ltd and Beijing Shougang Co Ltd , will raise September prices for their main flat steel products in the wake of a similar move by Baoshan Iron & Steel Co Ltd (Baosteel) last Friday to take advantage of growing demand. […]
via China steel mills raise Sept product prices as demand picks up.