Steel Price of Bao Steel Company to Fall Sharply in July

Resource from: CBCC Likes:2902

Jun 04,2010

The sharp reduction of steel price of Bao Steel Company makes the people in the industry to plaint that the rebound of steel market in the first half of the year becomes hopeless. Recently, the reporter learned that Bao Steel Company has decided to reduce the steel price of various steel in July, in which the price reduction of automobile steel plate is most obvious. Yesterday (June, 3rd), The price policy of Bao Steel Company for July has attracted the attention of the steel industry. The reporter acquired a price document which has not been published yet from Bao Steel Company. The document indicated that the reduction range of automobile steel price and high strength steel price reaches 1,300 yuan/ton with the reduction rate of 17%. The price of ordinary cool rolled steel reduced 800 yuan/ton. The price reduction range of hot rolled steel, sprinkled steel and hot dip galvanized steel separately is from 400 yuan/ton to 600 yuan/ton with the reduction rate of 10%.

(CBCC)

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