Reportedly, China's Anshan Iron & Steel (Angang) announced to decrease its May hot rolled coil list prices by RMB150/ton and its cold rolled coil and hot-dip galvanized coil by RMB100/ton but hold plate and color coated coil prices remain unchanged. Meanwhile, China's steel production surplus is still problem needs to solve at this moment. Otherwise, the price cut doesn't help to improve the demand and business so far.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64049&division=A2
