[Zn Price] Ansteel and Baosteel Cut Price for Galvanized Products in August-Shanghai Metals Market

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[Zn Price] Ansteel and Baosteel Cut Price for Galvanized Products in August

Industry News 02:26:49PM Jul 23, 2015 Source:SMM

SHANGHAI, Jul. 23 (SMM) - Three steel tycoons in China, including Ansteel, Baosteel and Wuhan I/S lowered their ex-works benchmark price of galvanized products for August, according to AASTOCKS.com.

Ansteel (000898.SZ) lowered galvanized products prices by 250 yuan per tonne and dropped price for Al-Zn coated products by 100 yuan per tonne. Baosteel (600019.SH) cut price for hot-galvanized steel products by 80 yuan per tonne, and lowered price for electrogalvanized and Al-Zn coated products by 100-150 yuan per tonne. Wuhan I/S (600005.SH) also cut price for electrogalvanized steel by 200 yuan per tonne, and lower price for hot-galvanized steel by 80 yuan per tonne.

Ansteel has lowered prices for its major products for six months on end. Wuhan I/S cut its ex-works price in August more sharply compared to July, which coincides with market expectations. Industry insiders believe the more significant price cut by the company is due mainly to the off-season for steel and suggests the market is still not promising.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

[Zn Price] Ansteel and Baosteel Cut Price for Galvanized Products in August

Industry News 02:26:49PM Jul 23, 2015 Source:SMM

SHANGHAI, Jul. 23 (SMM) - Three steel tycoons in China, including Ansteel, Baosteel and Wuhan I/S lowered their ex-works benchmark price of galvanized products for August, according to AASTOCKS.com.

Ansteel (000898.SZ) lowered galvanized products prices by 250 yuan per tonne and dropped price for Al-Zn coated products by 100 yuan per tonne. Baosteel (600019.SH) cut price for hot-galvanized steel products by 80 yuan per tonne, and lowered price for electrogalvanized and Al-Zn coated products by 100-150 yuan per tonne. Wuhan I/S (600005.SH) also cut price for electrogalvanized steel by 200 yuan per tonne, and lower price for hot-galvanized steel by 80 yuan per tonne.

Ansteel has lowered prices for its major products for six months on end. Wuhan I/S cut its ex-works price in August more sharply compared to July, which coincides with market expectations. Industry insiders believe the more significant price cut by the company is due mainly to the off-season for steel and suggests the market is still not promising.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.