It's reported that the Taigang Stainless, the largest stainless producers announced to cut domestic prices for austenitic hot rolled and cold rolled stainless coils by RMB500/ton and RMB700/ton respectively for October. After the adjustment, its list prices for 304 grade hot rolled coils with thickness of 3-12mm are at RMB16,300/ton; those for 304 grade cold rolled with thickness of 2mm are at RMB16,900/ton. However, the company remained its list prices for 430 grade cold rolled coils with thickness of 2mm are at RMB10,500/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66421&division=A1
