The Chinese steel giant Wuhan Iron and Steel Corp. (Wisco) released its price policy for May.
The company decided to cut its list prices for hot rolled (HR) steel products by RMB200/ton for May. Also, it reduced its list prices for cold rolled steel coils and steel products for home appliances by RMB240/ton.
Meanwhile, Wisco remained its list prices for section steel product, tinplate, coasted steel and electrical galvanized steel products unchanged for May.