Reportedly, Chinese Hebei Steel released its price policy for steel flat products for June.
The company decided to cut the ex-factory prices of hot rolled steel plates/coils and cold rolled steel plates/coils by RMB200/ton, to decrease the ex-factory prices of medium heavy plates by RMB250/ton, to reduce the ex-factory prices of hot dipped galvanized steel plates by RMB100/ton and to decline the ex-factory prices of aluminized steel plates by RMB50/ton.
The new prices will become effective from June 1st, 2012.