According to Reuters agency, the Chinese steel giant Baoshan Iron & Steel announced an increase in rolled steel prices with the supply of $ 13/ton in January 2013.
The optimism of Chinese steel manufacturers and metal rolling is caused by growing demand in the domestic market of the country and the expectation of the further development of the industry.
The decisions of the Baosteel metallurgical company, as usual, became the lakmus paper for the long time of the entire Chinese metallurgical sector. So today, local metal traders reported an increase in retail prices for China’s metal depots by another 5%.
The reduction of rolling steel production planned by the Chinese government in December 2012 does not leave room for falling prices, Reuters analysts say.
Baoshan Iron & Steel raises rolled steel prices
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Azovpromstal® 12 December 2012 г. 00:01 |
