Shanghai Baosteel Group Corporation (Baosteel) announced overnight that it would hike its benchmark hot-rolled steel price by RMB300/tonne to RMB3,942/tonne in Q3/06.

• 上海宝钢集团前晚宣布06年第三季度热轧钢的基准价将从每吨提高300元人民币，提高后的价格为3942元/吨。