On September 10, major Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has issued its steel sales prices for October delivery following Baosteel announcment. The company has decided to cut local prices for HRC, carbon steel, prestressed strand and high-carbon steel by RMB 100/mt ($14/mt), while for other products by RMB 50/mt ($7/mt). Base prices of section steel have remained stable, SteelOrbis learnt.
WISCO cuts local HRC prices
Eunice Ouyang
EditorI graduated from University of Shanghai for Science and Technology, with 16 years of deep expertise in the steel industry. I am responsible for steel-related news and intelligence, as well as leading the content team in China.
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