Baosteel plans to raise the price of wire rod by 300 yuan per ton for August shipment, 200 yuan per ton for ordinary carbon and low alloy wide plate, 300 yuan per ton for boiler vessel steel and 150 yuan per ton for shipbuilding plate. No changes are made for pipe and billet and the prices of other main products will be announced in mid-July. The modest price revisions reflected Baosteel’s cautions about the recent recovery in the steel market.