* Baosteel cuts July prices by 4 pct amid weak demand
* Share price falls nearly 3 pct
* Steel output cuts could follow (Adds details throughout, analyst comments)
By David Stanway
BEIJING, June 12 (Reuters) – China’s Baosteel will cut prices of its main products by around 4 percent in July, its first reduction this year as it responds to slackening demand in the world’s biggest steel consumer, sending its Shanghai-listed shares down [...]
China’s biggest steelmaker Baosteel cuts prices for first time in 2012
* Baosteel cuts July prices by 4 pct amid weak demand
* Share price falls nearly 3 pct
* Steel output cuts could follow (Adds details throughout, analyst comments)
By David Stanway
BEIJING, June 12 (Reuters) – China’s Baosteel will cut prices of its main products by around 4 percent in July, its first reduction this year as it responds to slackening demand in the world’s biggest steel consumer, sending its Shanghai-listed shares down [...]