China Knowledge reported that Angang Steel Co Ltd one of China top three steel producers has raised the prices of its major steel products for December.

Angang Steel recently announced that hot rolled steel product prices
will be CNY 300 per tonne higher in December than the current prices.
Its cold rolled steel product prices will be CNY 400 per tonne higher.
Steel plate and silicon steel prices will be increased by CNY 200 per
tonne.

Despite the steel surplus in China, domestic steel mills including
Baoshan Iron and Steel Co Ltd and Wuhan Iron and Steel Co Ltd have also
raised steel prices for December. Industry insiders say the reason is
that the prices of raw materials such as coal which becomes more
expensive in winter have gone up.

Source: China Knowledge

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