China’s Baosteel to cut prices in Novmber
Published on: October 12, 2009 at 12:55
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According to a statement released by the company, it will slash the prices of hot- and cold-rolled steel products by 400 yuan per ton. Prices of thick steel plate and electrical steel will also be cut by 400 yuan per ton.
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The price adjustment, following a price cut for major steel products in October, shows that the market prices of steel products will continue to decline.
Shares of Baosteel dropped 2.08% to 6.61 yuan Monday morning.
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