The Chinese steel giant Baoshan & Steel Co (Baosteel) reduced the selling prices for metal products for the first time in the last nine months due to a huge excess supply of steel in the country's domestic market.
The company announced a decrease in $ 30 prices for hot -rolled sheet rental and $ 25 for cold -rolled steel with delivery in June. Baosteel consistently raised prices for metal rolling out in continuation of five months, and in May she began to offer significant discounts on the entire range of products. The last time Chinese metallurgists were forced to reduce prices in August last year.
Meanwhile, according to the Chinese Ministry of Trade, last week steel prices decreased by 0.3 percent compared to the previous week. The largest fall is demonstrated by Chinese galvanizing, the price of which over the past three weeks has fallen by 2 percent.
The largest metallurgical company in China Baosteel was forced to reduce steel prices for the first time in the last nine months
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Azovpromstal® 10 May 2013 г. 15:51 |
