Far East (US/ton)	Mediterranean (US/ton)
CASH BUYER	480	339
CASH SELLER & SETTLEMENT	490	341
3-MONTHS BUYER	480	350
3-MONTHS SELLER	490	360
15-MONTHS BUYER	480	410
15-MONTHS SELLER	490	420
27-MONTHS BUYER	N/A	N/A
27-MONTHS SELLER	N/A	N/A

It is reported from industry consultancy Umetal on Saturday that China’s Baoshan Iron and Steel Co Ltd (Baosteel) has cut prices for its major steel products by 9-13 percent for November sales versus the October tag.

Baosteel, the listed unit of China’s largest steelmaker, would cut the price of its major hot-rolled steel coil by 400 yuan ($58.61) per tonne, while reducing its major cold-rolled coil price by 700 yuan per tonne, Umetal said.

Baosteel’s price of the major hot-rolled steel coil would be 3,942 yuan a tonne for November, while the price of the company’s major cold-rolled steel coil would be 4,676 yuan a tonne, according to Reuters’ calculation.

	Far East (US/ton)	Mediterranean (US/ton)
CASH BUYER	480	347
CASH SELLER & SETTLEMENT	490	349
3-MONTHS BUYER	480	380
3-MONTHS SELLER	490	390
15-MONTHS BUYER	480	440
15-MONTHS SELLER	490	450
27-MONTHS BUYER	N/A	N/A
27-MONTHS SELLER	N/A	N/A