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Metallurgy: Steel prices rise
(Shenzhen Daily)
Updated: 2006-03-27 14:47
Baosteel Group, the country’s largest steelmaker, has raised prices for hot
rolled steel delivered in May and June by a further 7 percent, after earlier
hiking second-quarter prices for the products by about 13 percent.
Baosteel raised hot rolled steel prices by an average 250 yuan (US$31.14) a
ton Thursday. It also lifted prices for some hot rolled specialty steel products
by 100 yuan a ton.
Baosteel had raised some cold rolled specialty steel products prices two
weeks ago, dealers said.
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