BaoShan Iron and Steel Company has increased its sale price for major hot rolled steel products and cold rolled steel products for the month of March 2009 by an amount of 300 Canadian Dollars February level. These price increases for next two months reflect bullish behavior on local steel tariff after holidays.
After this increase in asking price, new tariff of hot rolled steel items stand at CNY 3742 per ton and that of cold rolled steel products as CNY 4226 per ton.
BaoSteel increased sale prices in late December for major hot rolled products for February delivery by CNY 200 per ton where as those of cold rolled steel products by CNY 300 per ton.