Due to the short supply caused by reduction of stainless steel, the price of China’s cold rolled stainless steel is expected to rebound from February.

Tisco and Ningbo Baoxin Stainless Steel Company plan to cut their production of January by 40 percent or about 120,000 tons in a month.

Mills are confident that the market will be improved because the stocks held by agents and distributors are decreasing.

Under the current flat market sentiment and the expected market rebound after Chinese New Year, some mills, like Tisco and Posco, plan to lower their list prices in early 2008.