The Chinese steel giant Baosteel announced to hike the list prices for certain steel wire products by RMB200~RMB320/ton for November.
The firm decided to hike the November list prices for reinforcing wires and welded wires by RMB320/ton and RMB200/ton respectively.
Meanwhile, Baosteel remained the list prices for high carbon steel wires, cold drawn wires and spring wires unchanged for November.
The new prices have become effective from November 1st, 2012.