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Wuhan Iron and Steel Corp. (Wisco) announced to cut the August list prices for most steel products by RMB50~RMB200/ton on July 17th.The company decided to cut the list prices of hot rolled steel and plates by RMB150~RMB200/ton and to reduce the prices of cold rolled steel by RMB100/ton.However, it remained the prices of galvanized steel products unchanged for August.The new prices have become effective from July 18th, 2012