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[Ferro-Alloys.com]The Chinese steel giant Baosteel announced to hike its list prices for its major products including hot rolled, cold rolled, pickled, hot dipped galvanized steel products by RMB80-RMB120/ton for December.

Dealers said that Baosteel’s price hike aims to reflect the firm’s positive forecast for the steel market.

Also, it’s expected that Baosteel’s price rise will help to support the Chinese steel flats market to rise in the near future.

• [Editor:editor]