It is reported that China’s Nanjing Iron & Steel Union has announced to increase the price for special steel wire rod and bar.

As per report Nanjing Iron & Steel is boosting the price of bearing steel wire rod and spring steel wire by CNY 200 per tonne and CNY 150 per tonne for tool steel wire. Moreover, price of special steel bar including bearing steel and tool steel also raised by CNY 150 per tonne to CNY 200 per tonne.