The decision comes as increasing investment in infrastructure construction and urbanization is encouraging domestic steelmakers to raise their expectations for 2013.
Wuhan Iron and Steel, the nation’s fourth largest steelmaker by output, is raising prices of main steel products for March delivery by 150-200 yuan ($23.85-$31.80) a ton, the fifth consecutive month that prices of hot-rolled coils and cold-rolled coils have been raised, the National Business Daily reported on Tuesday.
As early as January 22, Baosteel, (…)
