China Steel Corp. Cuts Prices Amid Domestic Oversupply

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Cold-rolled steel

China Steel Corp. (CSC), China’s only integrated steelmaker, announced bigger price cuts of 5.2% on average for its products in April and May, taking its cue from the persistent downward spiral of global steel prices as decelerating economic recovery and oversupply curtail demand.

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The price reduction is the steepest over the past six months, according to the information posted on the company’s website.

 

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