Baosteel increases February manufacturer prices

SHANGHAI: Baoshan Iron & Steel Co (Baosteel), the nation's largest steel mill, significantly raised its February manufacturer prices yesterday.

Major steel wire product prices went up 300 yuan per ton on average. Revised prices on major steel sheets, announced this week, are expected to increase 200 to 300 yuan per ton.

Manufacturer prices of Baosteel products range from 3,000 yuan to 6,000 yuan per ton.