日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Baosteel raises prices by 20%

By Jin Jing (China Daily)
Updated: 2008-02-26 08:59

The nation's largest steelmaker Baoshan Iron & Steel Co (Baosteel) yesterday raised product prices by up to 20 percent for the second quarter on higher raw material costs and a projected increase in domestic demand.

Hot-rolled steel coils are produced at a Baosteel workshop in this file-photo of last April. Baosteel raised its product prices Monday by up to 20 percent on higher material costs and rising demand. [csteelnews]

The higher-than-expected price rise helped lift Baosteel shares by 0.28 percent to close at 17.67 yuan ($2.47) yesterday, despite a sharp fall on the benchmark Shanghai Composite Index.

Baosteel said in a statement on its website it would raise the price of hot-rolled steel coils by 800 yuan per ton, or 20 percent, and cold-rolled steel by 16.7 percent, or 800 yuan per ton.

Related readings:
Nation to tap more domestic minerals to meet demand
Baosteel agrees 65% iron ore price hike
Smaller steel firms begin to raise price
Baosteel predicts iron ore talks to end by Feb

The price rise beat analysts' expectations of around 12 to 17 percent. "The price hike is beyond my expectations and is likely to boost the company's profits," said Yang Baofeng, an analyst at Orient Securities.

Yang said he had raised the company's projected earnings per share from 1.05 to 1.14 yuan this year.

"Baosteel's price hike is a reaction to rising spot steel prices in the first quarter," said Gao Bo, an analyst at Mysteel.com, which tracks steel prices and information. Baosteel raised the steel production price by 10 percent in the first quarter.

But Hu Kai, an analyst at metals information provider Umetal.com, said increased domestic demand for steel to rebuild infrastructure after severe snowstorms had prompted steel manufacturers to raise their prices.

Before the Baosteel move yesterday, many other steel manufacturers raised their prices for March. Some steelmakers lifted the price three times in one week.

Analysts said the 65 percent iron ore price hike was another factor that will push up costs to $50 to $60 per ton for steelmakers that rely on imported iron ore.

After agreeing to a 65 percent price rise with Brazil's Cia Vale do Rio Doce, Baosteel will talk with another large iron ore supplier, Rio Tinto, this week.

"The steel price hike is likely to aggravate inflation because it will lead to a chain reaction of higher prices for cars, home appliances and equipment that relies heavily on steel as a raw material," Hu said.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 精品国产三级 | 久久精品区 | 国产原创在线观看 | 中文字幕av免费观看 | 国产激情网站 | 香蕉精品视频在线观看 | 91成人精品一区在线播放 | 四虎影库在线播放 | 日本欧美中文字幕 | 国产精品色 | 成人免费看片视频在线观看 | 宅男午夜影院 | 国产精品久久久久久妇女6080 | 五月综合色 | 久久久久伊人 | 亚洲欧美在线综合 | 国产在线黄色 | 亚洲一区二区影院 | 成人欧美激情 | 黄色一级网 | 亚洲系列| 超碰伊人网 | 义姐是不良妈妈在线观看 | 欧美日韩一级二级 | 一级免费大片 | 国产精品v亚洲精品v日韩精品 | 男人的天堂2019 | 激情婷婷色 | 欧美第一页 | 香蕉在线影院 | 亚洲综合在线视频 | 婷婷爱五月 | 波多野结衣一区二区三区四区 | 欧美综合亚洲 | 中文字幕在线观看你懂的 | 毛片毛片毛片毛片毛片毛片毛片 | 亚洲欧美a | 性欧美疯狂猛交69hd | 色在线免费视频 | 可以免费看av的网站 | 在线看一级片 |