Baosteel Lowers July Prices
OREANDA-NEWS. June 14, 2012. Baosteel has cut the July ex-mill figures of hot rolled coil by 200 yuan a ton, ordinary cold rolled steel by 200 yuan a ton, hot dip galvanized and electro galvanized steel by 100 yuan a ton and aluminum and zinc-coated steel by 300 yuan a ton.
The move was in line with market projections for a bleak demand outlook in the months ahead.
Wuhan Steel and Ansteel would likely follow suit in making their own pricing policies.