IN BRIEF (Page 14)
China Daily | Updated: 2008-10-22 08:07
Baoshan cut prices
Baoshan Iron & Steel Co cut prices for the third straight month, reducing them by as much as 20 percent, as an economic slowdown forces carmakers and builders to slash orders.
Prices of hot-rolled products, an industry benchmark, will drop 1,000 yuan to 3,942 yuan a metric ton for December deliveries, excluding tax.
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