YIEH reported that Taigang Stainless, the largest stainless steel producer in China announced to cut its domestic prices for austenitic hot rolled coils and cold rolled coils by CNY 500 per tonne and CNY 800 per tonne respectively for June in order to reflect lower nickel prices.
Taigang Stainless plant to cut domestic stainless steel price in June
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After the adjustment, its ex work prices for 304 grade hot rolled coils and sheets with thickness of 3 mm to 12 mm are at CNY 16,600 per tonne those for 304 grade cold rolled coils and sheets with thickness of 2 mm are at CNY 16,800 per tonne.
An official of Taigang Stainless said that the company decided to cut stainless steel prices for June as the prices of raw materials such as nickel have dropped.
Tags: JIS3106 SM490A steel, JIS3106 SM400C steel, JIS3101 SS400 steel
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