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Wisco cuts steel flats prices for December THE 15th GUANGZHOU INTERNATIONAL PLATEMETAL, BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
11/18/2013 sheet metal expo,wire expo |
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It¡¯s reported that the
Chinese steelmaker Wuhan Iron & Steel (Wisco) announced to cut its list
prices for steel flat products by RMB50/ton for December
deliveries.
After the adjustment, its prices for Q235 hot rolled coils
(HRC) with thickness of 5.5mm are at RMB3,690/ton; those of Q195 cold rolled
coils (CRC) with thickness of 1.0mn are at RMB4,220/ton, without 17%
VAT.
Industry sources said that most of the Chinese steel mills would cut
prices for December due to the current downturn.
THE 15th GUANGZHOU INTERNATIONAL PLATEMETAL,
BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
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