Wuhan Iron and Steel (WIS) (600005) filed that it has slashed July prices of all produces except for wires used for construction, reports Shanghai Securities News.
WIS reduced hot rolled steel prices by 100-150 yuan per ton and non-oriented silicon steel by 200-400 yuan per tonne. It lowered cold rolled steel prices by 400-500 yuan per tonne, but raise wire price by 100 yuan per tonne.
Baoshan Iron and Steel …
Source : Chinafastener.info – Read the full Article via China steel prices tumble as demand ebbs.