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Tisco raises stainless steel prices

29 Oct 2007 13:48 reported by Kaka Shu

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Recently Chinese stainless steel market is generally stable, however stockists are still adopting a wait-and-see approach.

At the side the stainless steel mills, according to Taiyuan Iron and Steel Co. (Tisco), its 304 HR & CR coils prices have raised by RMB500/ton. But the company keep its prices of 400 series and other 300 series unchanged.

Consequently, Tisco is adding RMB500/ton to the prices of its 304 series, SUS304J1, 304/304L, 304H, 00Cr19Ni10, 305, 370, 301 and 347 for November contracts. Price of 400 series, medium heavy plate and other 300 series will be remained unchanged.

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