It's reported that the Chinese steelmaker Shougang released its price policy for July.
The company decided to cut its prices for hot rolled coils (HRC), cold rolled coils (CRC) and galvanize steel sheets/coils by RMB60~RMB80/ton, RMB170/ton and RMB180/ton respectively.
After the adjustment, its prices for SPCC CRC with thickness of 1.0mm are at RMB4, 100/ton, 17% VAT excluded.
Meanwhile, the prices will become effective from July 1st, 2013.