Baosteel slices December pricing by up to $146/tonne

Oct 21, 2008 | 10:14 AM |

Baosteel Group Corp. Ltd. has slashed ex-works flat product prices by up to 1,000 yuan ($146) per tonne for December production as Chinese steelmakers take action to run down stockpiles.

Hot-rolled coil has been cut by 1,000 yuan and cold-rolled coil by 900 yuan ($132) per tonne. Galvanized coil will also be 900 yuan cheaper and color-coated prices will be reduced by 400....





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