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Baosteel Stainless decreases domestic prices for May

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Reportedly, Chinese Baosteel Stainless announced to cut the domestic prices of 304 and 430 grade stainless steel coils by RMB200~RMB400/ton respectively for May deliveries, affected by weak market prices in the domestic market.

The company decided to cut the list prices of 304 grade hot rolled coil (HRC) with thickness of 3mm~12mm by RMB400/ton and to decrease the list prices of 304 grade stainless cold rolled coil (CRC) with 2B finish by RMB320/ton.

In addition, it cut the list prices of 430 grade stainless CRC with 2B finish by RMB200/ton for May deliveries.

In April, Baosteel Stainless produced around 105,000 tons of crude stainless steel, decreasing by 5,000 tons from a month earlier.
News Date 08 May 2012 09:31:28 reported by Nann Cheng

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