China’s major steelmaker Angang will cut its main steel product prices for May bookings, traders said, in a move seen reflecting a short-term trend.
The company will drop hot-rolled coil prices by 200 yuan ($30.616) per ton and cold-rolled coil prices by 480 yuan per ton for May. As to wire rods, the prices for WQ series and WER44-8?were raised by 400 yuan per ton. Other wire rods’ prices keep unchanged. …
Source : Chinafastener.info – Read the full Article via China Steelmaker cuts main product prices for May.