Chinese Baosteel hikes steel prices for next January

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Publish time: 13th December, 2012      Source: ChinaCCM
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The Chinese steel giant Baosteel announced to raise its list prices for most steel flat products by RMB100/ton for next January.

Besides, the company also increased the January list prices for some non-oriented silicon sheets by RMB50~RMB150/ton.

However, Baosteel remained its list prices for hot dip galvanized and electro-galvanized coil unchanged for next January.

It's expected that the other major steelmakers in China might follow Baosteel's step to raise the steel prices for next January.