Chinese steel industry bellwether Baosteel has decided to cut its factory prices for major products in October, except for raising prices of electrical steel, ending unchanged price policy for three months.
Baosteel cut prices of hot-rolled steel, cold-rolled steel, pickling steel and galvanized steel by 80 to 150 yuan/tonne for October.
The price cut is within market expectation, (…)
via China’s steelmaker cuts Oct. factory prices for major products.