Baosteel for the second time from the beginning of the year raises metal rolling prices

One of the largest manufacturers in China, Baoshan Iron & Steel (Baosteel), announced an increase in selling prices for metal rolling for the second time this year. An increase will affect products with payment in February 2014. Baosteel said this on Monday reports Reuters.

The company will raise the prices of a hot -rolled roll by 80 yuan ($ 13.22) per ton, and a cold -rolled roll for an automotive industry for 120 yuan per ton.

As you know, Baosteel prices for steel rental are traditionally considered an indicator of the direction for China’s domestic market.