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Reportedly, Chinese Baosteel announced to cut the domestic prices of steel plates by RMB150/ton for June.It's known that the Chinese steelmakers have cut the steel plate prices for June. Wuhan Iron and Steel Corp. (Wisco) reduced the steel plate prices by RMB50/ton and Ansteel cut the steel plates prices by RMB30/ton.Industry sources predicted that the steel plate prices might fall in Asian steel market in the near future after Basteel cut the prices for June