Baosteel raises Feb prices-Bearing News

The domestic biggest listed steel maker Baosteel will raise its main steel product prices for February bookings, the second increase this year, the company said. Baoshan Iron and Steel Co., Ltd. will raise prices of hot-rolled coil, mainly for manufacturing, by 80 yuan ($13.22) per ton, and cold-rolled coil for automaking by 120 yuan a ton. Baosteel's pricing is usually considered to indicate the direction of the domestic market.

(CBCC)

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