12. February. 2010
China’s Baosteel has lifted its steel prices for March delivery by RMB300/ton to RMB600/ton (US$44/ton to US$88/ton).
As market participants expected, Baosteel increased its March-delivery prices by RMB300/ton for HRC products and by RMB300/ton to RMB600/ton for CRC products.
The steel giant early reported a 11 percent profit falling in 2009 year-over-year. And the company keeps its February steel price flat on January basis.
[Yieh news]
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