WISCO raises September steel product prices
Wuhan Iron and Steel Corp. raised its September steel product prices on August 5 with a 800 yuan per ton increase for hot-rolled and cold-rolled steel products; 700 yuan per ton more for rolled plate and galvanized steel; and 1,100 yuan to 1,600 yuan per ton increase for silicon steel.
South Korea's POSCO, the world's fourth-largest steel maker, said it would raise steel prices by up to 20.7 per cent, a move widely expected in markets to help it pass on soaring prices of raw materials.