Baosteel Deflation—宝钢通货紧缩

In September, Baosteel cut October prices. (宝钢下调10月钢价)
In October, Baosteel is cutting November prices:
Baosteel Group, the parent of Baoshan Iron & Steel Co., cut its prices of steel products for November delivery by 250 to 500 yuan per ton from October, a company official told Caijing on Oct. 12.

The country's biggest steelmaker cut medium steel plate prices by 400 yuan per ton, and cut the price of cold and hot rolled steel by 400 to 500 yuan a ton, the official said.

The special 100 to 300 yuan discounts on hot and cold steel plate for October orders was extended.

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