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Companies

Baosteel to raise prices for October bookings

(Agencies)
Updated: 2010-09-15 14:39
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Baoshan Iron & Steel Co (Baosteel), China's biggest publicly traded steelmaker, announced on Tuesday it would raise the prices of its major products by 100 to 380 yuan per ton for October bookings.

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According to the company's trading website, the price for hot-rolled coil will be increased by 300 yuan per ton and cold-rolled products will be 110 to 200 yuan per ton higher.

Baosteel has been a leader in setting prices on the domestic market, and other major steelmakers usually follow its guide.