Taigang Stainless, the largest stainless steel producer in China announced to cut its domestic prices for austenitic stainless steel coils by RMB700/tin in order to reflect lower nickel prices and decreased stainless market prices.
After the adjustment, its ex-work prices for 304 grades hot rolled (HR) coils/sheets with thickness of 3mm-12mm are at RMB15,900/ton; those for 304 grade cold rolled (CR) coils/sheets with thickness of 2mm are at RMB16,100/ton.
Meanwhile, Taigang Stainless remained its list prices for 430 grades CR coils/sheets with thickness of 2mm unchanged at RMB10,500/ton for July.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65023&division=A1
