Chinese Wuhan Iron & Steel Group (Wisco) issued its prices for certain products for March preorders.
The company decided to raise the prices for hot rolled steel products by RMB200/ton and increase the prices of cold rolled steel sheets and coils by RMB100~RMB200/ton and hike the prices of hot dipped galvanized steel products by RMB100~RMB200/ton.
Meanwhile, Wisco increased the prices of steel wire products by RMB200/ton.