Reportedly, Baosteel Stainless announced to cut its domestic prices for austenitic stainless steel coils for April in order to reflect lower nickel prices and weak demand. The company decided to cut its domestic prices for 304 grade hot rolled coils and cold rolled coils by RMB400/ton and RMB800/ton respectively for April. However, Baosteel Stainless remained its domestic prices for ferritic stainless steel coils flat for April.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63608&division=A1
