Taipei, Feb. 22, 2012 (CENS)--For the first time this year, China Steel increased yesterday (Feb. 21) quotes for hot-rolled steel for April and May by NT$450 per metric ton, signifying the gradual upturn of its business.
Tu Chin-ling, executive vice president of China Steel, attributed the increased quotes to the output reduction of global steel firms in the fourth quarter last year and the seasonal demand for inventory replenishment.
Asian steel prices rose in general recently. Chinese ...(
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