Chinese Baosteel has declined its steel wire prices for August by about RMB150/ton on ultra-low-carbon and low-carbon steel products.
However, for other steel wire products, the prices still seem to keep flat for next month.
Market sources indicate the Chinese steel market remains uncertain. So far, it must be apparent after prices released on hot rolled steel, cold rolled steel and hot-dipped galvanized steel products.
Chinese Steel Corp. (CSC) also regards the Baosteel latest prices for August as its following domestic market prices for September