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CHINA STEEL WRAP: Prices rise further on stronger semis market

February 22, 2012 - 08:09 GMT Location: Shanghai

KEYWORDS: China , steel , steel prices , rebar , wire rod , hot rolled coil , HRC , Hebei Steel , Shagang

Steel prices in China advanced again on Wednesday February 22 after more major steelmakers raised their prices and the market for semi-finished products strengthened.

Spot prices for flat and long products in all regions rose again after modest increases on February 21 on moves by China’s central bank to spur lending. Hebei Steel raised its rebar price late on Tuesday, and on Wednesday morning Anshan Steel pushed for higher flat product prices. Rebar futures in Shanghai settled up...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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