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22 Jun
07:36

Bayi Steel lowers flat steel offers for July

Xinjiang Bayi Iron & Steel has chosen to cut its flat steel prices for July after markets were recently hit by sluggish demand and the worsening domestic and global outlook, Kallanish notes. The July quotations for all the company's products have been cut by CNY 300/tonne ($44.6/t), including hot and cold rolled coil, plate, galvanized products and coated coils. Nearly two weeks ago, Chinese flat steel giant Baosteel, Angang and Bengang decided to m…
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