Chinese Baosteel on the fifth time in a row this year increases the prices of metal rolling

The Chinese steel giant Baoshan Iron & Steel (Baosteel) announced that from April 2013, hot -rolled and cold -rolled steel in rolls would cost more than $ 25 more than in March.

Baosteel metallurgical managers involve an increase in demand and, therefore, market prices for steel and metal rolling at the end of this month.

Recall that Baosteel sets the tone in pricing in the Chinese steel market and it is worth expecting that the rest of China’s large metallurgical plants will also raise prices for metal rolling in April.