China Steel Corp (CSC), the nation’s largest steelmaker, raised its prices by an average of 3.1 percent per tonne for next month and May deliveries thanks to improving supply conditions.
It marks the second consecutive price hike by CSC after increasing orders showed signs of recovery from the industry’s worst slump since 2008.
Last month, CSC increased its prices by 2.3 percent for next month’s deliveries.
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