It's reported that the Chinese steelmaker Wuhan Iron and Steel Co. (Wisco) announced to cut its prices for certain steel flat products including hot rolled steel, steel plate, pickled steel sheets by RMB50/ton for November. However, the company kept its prices for cold rolled coils, hot dipped galvanized steel products, coated steel and tinplate unchanged for November. After the adjustment, its list prices for SPHC hot rolled coils with sizes of 3.0mm x 1,250mm are at RMB3,820/ton; those for Q235 hot rolled coils with sizes of 2.75mm x 1,250mm are at RMB3,780/ton.
