8/25/2014 1:09:00 AM
NEWS BRIEFS
Report: Baosteel Stainless Hikes Stainless HRC Prices
Baosteel Stainless, one of China’s major stainless steel producers, announced domestic prices hikes for 300 grade hot rolled stainless steel coils, Yieh Corp. Steel Market News reports. The increase is RMB 200/ton for September, driven by higher spot market levels, according to Yieh Corp.
Baosteel reportedly kept its prices for austenitic and ferritic cold rolled coils unchanged.
September prices for 304 grade hot rolled coils with thickness of 3mm are at RMB16,300/ton; those for 304 grades cold rolled coils with thickness of 2mm are at RMB17,600/ton, Yieh Corp. reports.
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