Chinese steel maker Baoshan Iron & Steel Co. (600019.CN) said it will raise the price of its main steel products for January booking, China Business News reported Wednesday. Hot-rolled coil, mainly for manufacturing, and cold-rolled coil, mainly for automaking, will go up by 50 yuan (US$8.24) per metric ton. Color-coated steel products will be 100 yuan costlier, the report said. Other major steel makers are expected to announce higher prices, analysts were quoted as saying.
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