China's Baosteel Cuts Main Steel Product Prices for August-Shanghai Metals Market

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China's Baosteel Cuts Main Steel Product Prices for August

Industry News 04:47:04PM Jul 12, 2012 Source:SMM

July. 10 (Reuters) - China's Baoshan Iron & Steel will cut prices of its main products by 200-260 yuan ($31-41) per tonne for August, after it cut prices for the first time in July.

Baosteel's pricing decisions are generally regarded as a bellwether for the industry and demand generally weakens in China's hot summer months as construction projects slow.
 

Key Words:  Baosteel, China 

Price

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#1 Refined Cu
Aug.22
46415.0
20.0
(0.04%)
Aluminum Ingot
Aug.22
14360.0
40.0
(0.28%)
#1 Lead
Aug.22
16875.0
0.0
(0.00%)
0# Zinc
Aug.22
18830.0
110.0
(0.59%)
#1 Tin Ingot
Aug.22
132500.0
-500.0
(-0.38%)

China's Baosteel Cuts Main Steel Product Prices for August

Industry News 04:47:04PM Jul 12, 2012 Source:SMM

July. 10 (Reuters) - China's Baoshan Iron & Steel will cut prices of its main products by 200-260 yuan ($31-41) per tonne for August, after it cut prices for the first time in July.

Baosteel's pricing decisions are generally regarded as a bellwether for the industry and demand generally weakens in China's hot summer months as construction projects slow.
 

Key Words:  Baosteel, China