It’s reported that the Chinese steel giant Baosteel announced to raise its March list prices for main steel products.
Baosteel decided to raise the prices for hot rolled coils (HRC) and cold rolled coils (CRC) by RMB200/ton respectively for March.
Analysts also point out that the number of orders of Baosteel has increased in recent months and so are other steel mills such as Wuhan Steel and Angang.
Meanwhile, the steel demand in late February and March has foreseen to rebound after the Lunar New Year holidays as construction and manufacturing plants restart making orders.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62704&division=A2
