It’s reported that the Chinese steelmaker Wuhan Iron & Steel (Wisco) announced to cut its list prices for steel flat products by RMB50/ton for December deliveries. After the adjustment, its prices for Q235 hot rolled coils (HRC) with thickness of 5.5mm are at RMB3,690/ton; those of Q195 cold rolled coils (CRC) with thickness of 1.0mn are at RMB4,220/ton, without 17% VAT. Industry sources said that most of the Chinese steel mills would cut prices for December due to the current downturn.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67222&division=A2
