BEIJING, June 12 (Reuters) – China’s Baosteel Group will cut the prices of its main products by 200 yuan ($31.40) per tonne in July, the first cut of the year as it responds to slackening demand in the world’s biggest steel consuming country.
Baosteel, parent of the listed Baoshan Iron and Steel , said on its website that the July contract price of its hot- and cold-rolled steel products would be cut by 200 yuan per tonne, while other products would see price falls ranging between 100-300 yuan. (…)
