China's Baosteel says raises key steel prices 10 pct

Newswire

SHANGHAI, Feb 23 (Reuters) - China's top steel maker, Baosteel , said it has raised most steel prices by an average of 10 percent due to strong demand and higher global prices. The new prices of its high-end steel products -- used to make automobiles, home appliances and ships -- were effective immediately, Baoshan Iron and Steel Co. Ltd. told Reuters on Wednesday.

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