China: Baosteel raises prices for March

China's largest steel producer and Industry pricing leader Baoshan Iron & Steel said on Friday it will increase prices of its main steel products for March after keeping them flat in February, hoping to tap into a recovery in demand by then. 

“Concern over the health of China's market continues to grow. Some mills in south Hebei are now said to be cutting output because they are making losses selling steel at current steel prices,” said reports.