Taigang Stainless, the largest stainless steel producer in China is going to negotiate with Korean steel mills about export prices of Austenite cold rolled stainless steel products for next February. It is reported that Asian stainless steel mills still yet reduce their export prices no matter in Taiwan or Korea.
Most market insiders believe Tisco’s export price is expected to keep stable for next February. So far, the price remains to stay around US$2400/ton CFR.
On the other hand, the domestic price of Austenite cold rolled stainless steel products in China is expected to change as LME nickel price up since early December.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67746&division=A1
