China's Baosteel says to keep price stable in Q3


SHANGHAI, May 24 (Reuters) - China's Baoshan Iron and Steel Co. Ltd. will keep third-quarter prices for its main steel products stable, the company said on Tuesday, despite a fall in the steel market since early April. But analysts said the country's top steel maker, also known as Baosteel, might be forced to cut its prices in the fourth quarter to reflect weaker international and domestic prices over the past two months. "Steel prices have reached a turning point since they peaked both ...

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