Baosteel hikes prices of products

Baoshan Iron and Steel Co has raised its sale prices for major hot-rolled and cold-rolled steel products for March by 300 yuan a ton from next month levels, Reuters reported citing unnamed source.

After the increase, prices for hot-rolled steel products will be 3,742 yuan (US$547) a ton and prices for cold-rolled steel products will be 4,226 yuan per ton, it said.