Two Major Steel Makers Cut Prices
09-02 13:30 Caijing
» Hebei Iron & Steel Group and Shagang
Group have slashed steel product prices for September delivery after demand fell
in August, Shanghai Securities News reported on Sept. 2.
» Steel prices fell
for three straight weeks in August as demand declined amid moves by the Chinese
government to curb overproduction.
» Hebei Iron & Steel Group is now
China's second largest steel producer. Jiangsu province-based Shagang Group is
the country's largest private-owned steel maker.
From wires