(Bloomberg) -- Chinese steel shares, including
Baoshan Iron & Steel Co. and Angang Steel Co., rose for a third
day after brokerages including JPMorgan Chase & Co. raised
forecasts for steel prices.
Shares of Baoshan Iron & Steel, China's largest steelmaker,
rose as much as 5.2 percent to 12.70 yuan, the highest since May
29, and traded at 12.61 at 10:38 a.m. in Shanghai. Angang Steel
surged as much as 19 percent to HK$21.70 in Hong Kong. Its yuan-
denominated shares rose as much as 9.4 percent to 21.38 yuan in
Shenzhen.
Read more at Bloomberg Commodities News
Baoshan Iron & Steel Co. and Angang Steel Co., rose for a third
day after brokerages including JPMorgan Chase & Co. raised
forecasts for steel prices.
Shares of Baoshan Iron & Steel, China's largest steelmaker,
rose as much as 5.2 percent to 12.70 yuan, the highest since May
29, and traded at 12.61 at 10:38 a.m. in Shanghai. Angang Steel
surged as much as 19 percent to HK$21.70 in Hong Kong. Its yuan-
denominated shares rose as much as 9.4 percent to 21.38 yuan in
Shenzhen.
Read more at Bloomberg Commodities News
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