Taiwan's China Steel to cut prices for Jan-Feb

TAIPEI Nov 26 (Reuters) - China Steel (2002.TW), Taiwan's largest steel producer, said on Thursday it will cut its domestic produce prices by an average 1.3 percent in January-February from the December tag.

News of the price adjustment came after the Taipei stock market closed. Shares of China Steel ended down 0.65 percent, while the main TAIEX .TWII dropped 0.22 percent. (US$1=T$32.2) (Reporting by Argin Chang, Editing by Jacqueline Wong) ((baker.li@thomsonreuters.com; +886 2 2508-0815; Reuters messaging: baker.li.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))