BEIJING, June 9 (Reuters) - Leading Chinese steelmaker Baoshan Iron and Steel will cut prices for July delivery of its major products by 100-200 yuan ($15-30) per tonne, it said on Thursday.

It said in an announcement on its website (www.bsteel.com.cn) that prices of hot-rolled products would be cut by 200 yuan compared with June, while cold-rolled steel prices would fall by 100 yuan.

The company's pricing moves usually set the tone for the industry as a whole, and other mills are likely to follow suit as domestic steel demand begins a seasonal decline in the second quarter. ($1 = 6.475 yuan) (Reporting by David Stanway; Editing by Ken Wills)

Source:reuters