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Reportedly, Baosteel Stainless, one of the major stainless producers in China announced to cut the list prices of austenitic stainless steel by RMB700~RMB800/ton for July in response to weak market prices.The firm decided to reduce the list prices of 304 grade hot rolled coils (HRC) with thickness of 3mm~12mm by RMB800/ton and to cut the list prices of 304 grade cold rolled coils (CRC) with 2B finish with thickness of 2mm by RMB700/ton.Besides, it also cut the list prices of 430 grade CRC with 2B finish with thickness of 2mm by RMB100/ton