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
Dec.13
48945.0
40.0
(0.08%)
Aluminum Ingot
Dec.13
14010.0
-70.0
(-0.50%)
#1 Lead
Dec.13
15475.0
-25.0
(-0.16%)
0# Zinc
Dec.13
18540.0
80.0
(0.43%)
#1 Tin Ingot
Dec.13
139750.0
-750.0
(-0.53%)

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