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Stainless steel price to go up in October

1 Oct 2007 16:11 reported by Jeremy Hsu

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China's stainless steel mills have decided to raise the price in October, and the major mills include Baosteel, Lianzhong, Qingdao Pohang, Taiyuan Iron & Steel, Zhangjiagang Pohang and Gansu Jiuquan Steel.

The mills predicted that the market will become move active in October because of a recovery in nickel price.

The average ex-works price will increase by about US$$200/ton for 300 series and US$40/ton for 400 series product. Furthermore, the mills won't adjust the production despite raising prices.

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