Reportedly, Taigang Stainless, the largest stainless steel producer in China announced to cut the export prices of its 300 grade stainless steel products by US$80~US$100/ton averagely for June deliveries, in response to falling nickel prices and a sluggish Asian market.
Meanwhile, the company offered US$100/ton of discount for the orders above 1,000 tons.
The nickel prices in three-month deliveries at LME dropped to US$17,810/ton on April 17th, falling from US$19,275/ton on March 16th