SHANGHAI, Oct 10 (Reuters) - China's Baoshan Iron and Steel Co Ltd (Baosteel) has cut prices for its major steel products by 9-13 percent for November sales versus the October tag, industry consultancy Umetal said on Saturday.
Baosteel, the listed unit of China's largest steelmaker, would cut the price of its major hot-rolled steel coil by 400 yuan ($58.61) per tonne, while reducing its major cold-rolled coil price by 700 yuan per tonne, Umetal said.
Baosteel's price of the major hot-rolled steel coil would be 3,942 yuan a tonne for November, while the price of the company's major cold-rolled steel coil would be 4,676 yuan a tonne, according to Reuters' calculation.
($1=6.825 YUAN)
(Reporting by Alfred Cang and Edmund Klamann)
((alfred.cang@thomsonreuters.com; +86 21 6104-1763; Reuters Messaging: alfred.cang.reuters.com@reuters.net)) Keywords: BAOSTEEL/PRICE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Baosteel, the listed unit of China's largest steelmaker, would cut the price of its major hot-rolled steel coil by 400 yuan ($58.61) per tonne, while reducing its major cold-rolled coil price by 700 yuan per tonne, Umetal said.
Baosteel's price of the major hot-rolled steel coil would be 3,942 yuan a tonne for November, while the price of the company's major cold-rolled steel coil would be 4,676 yuan a tonne, according to Reuters' calculation.
($1=6.825 YUAN)
(Reporting by Alfred Cang and Edmund Klamann)
((alfred.cang@thomsonreuters.com; +86 21 6104-1763; Reuters Messaging: alfred.cang.reuters.com@reuters.net)) Keywords: BAOSTEEL/PRICE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
