Chinese steel giant Wuhan Iron and Steel Corp. (Wisco) released to cut its list prices for July.
The company decided to cut the list prices of hot rolled (HR) steel products by RMB150t/ton and to decrease the list prices of cold rolled (CR) steel products by RMB180/ton.
Meanwhile, the firm remained July list prices of galvanized steel, electrical galvanized steel, coated steel and oriented silicon steel products unchanged.
Besides, Wisco cuts its list price of steel wire products by RMB50~RMB150/ton averagely.