It’s reported that the Chinese steelmaker Baosteel planned to cut tinplate prices by RMB230/ton for July.
Meanwhile, Baosteel has reduced its tinplate prices by RMB180/ton and RMB160/ton for April and May.
Industry sources said that if Baosteel continues cutting its tinplate prices, it will bring pressure to the Japanese steel mills.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64815&division=A2
