* Baosteel raises HRC price by 80 yuan/T
* CRC price rising 60 yuan/T
* Signaling recovery, rising car sales help (Adds background)
SHANGHAI, Dec 11 (Reuters) – China’s Baoshan Iron & Steel , the country’s biggest listed steelmaker, said on Tuesday it will raise the January booking prices for some of its steel products, a signal the company is increasingly optimistic about its prospects.
The company will raise hot-rolled coil prices by 80 yuan ($12.81) per tonne and cold-rolled coil by 60 yuan per tonne. Baosteel’s pricing decisions usually set the tone for the rest of the market. (…)
via China’s Baosteel raises main steel product prices for Jan.