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: 91亚洲国产成人精品一区二区三 | 成人精品在线视频 | 一区二区三区黄 | 国产视频二 | 黄色在线观看国产 | 国产日韩在线播放 | 黄色一二三区 | 麻豆av在线免费观看 | 337p粉嫩大胆色噜噜噜 | 麻豆91精品91久久久 | 免费在线观看成年人视频 | 国产午夜免费 | 哥布林的洞窟在线观看 | 中文字幕日本在线观看 | 国产高清在线免费观看 | 在线国产一区二区三区 | 中文字幕第24页 | 久久伊人中文字幕 | 天天干夜夜欢 | 亚洲色图欧美视频 | 婷婷激情五月综合 | 久久男人天堂 | 91黄色大片 | 一级国产片 | 国产精品久久久久永久免费看 | 成人碰碰 | 国产乱码精品1区2区3区 | 中文字幕第35页 | 伊人久久在线 | 亚洲午夜视频在线 | 亚洲在线成人 | 大地资源高清播放在线观看免费 | 午夜影皖| 美日韩精品 | 中文字幕www | 免费在线视频一区二区 | 久久精品视频3 | 亚洲黄色网络 | 日韩在线视频网 | av中文字幕免费观看 | 日本在线播放视频 |