It’s reported that Taigang Stainless, the largest stainless steel producer in China announced to cut its export prices for 304 grade stainless coils by US$50/ton for the shipments between February and end of March.
However, its rival Baosteel hiked its export prices for 304 grades by US$50/ton since the firm expected positive outlook for the stainless steel market and raw material prices rose.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62545&division=A1
