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PrintIt is reported that Taigang Stainless and Baosteel Stainless, the two largeststainless producers in China, have announced to cut the list prices of its stainless steel products by up to 4% for September 2012, due to falling nickel prices and sluggish domestic market.
Taigang Stainless, the largest stainless producer in China decided to reduce its list prices of 304 grade cold rolled and hot rolled coils by CNY 700 per ton and CNY 300 per ton to CNY 18, 200 per ton and CNY 18, 100 per ton respectively. Also, it reduced the list prices of 430 grade cold rolled coils by CNY 400 per ton to CNY 10,100 per ton.
Meanwhile, Taigang Stainless continued offering a discount of CNY 600 per ton to its distributors in September 2012.
Baosteel Stainless, the second largest stainless producer in China decided to rescued its list prices of 304 grade cold rolled and hot rolled coils by 2.7% and 4% from a month ago to CNY 17,800 per ton and CNY 16,800 per ton respectively.
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