Chinese Baosteel cuts steel wire prices for October

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Publish time: 25th September, 2012      Source: ChinaCCM
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It's reported that Chinese Baosteel announced to cut the list prices for steel wire products by RMB140~RMB320/ton averagely for October.

It's learned that Baosteel decided to cut the list prices for cold heading steel wires by RMB140/ton and to decrease the list prices for spring steel by RMB190/ton.

Meanwhile, Baosteel reduced the September list prices for steel wire products by RMB100~RMB240/ton averagely.

The firm has reduced its list prices for steel wire products for consecutive four months.