Taiyuan Iron & Steel Group has announced to remain its export prices of 300 series cold rolled stainless steel unchanged due to the appreciating yuan. TISCO is currently offering a discount of USD 100 per tonne for those buying more than 1,000 tonnes of stainless cold rolled coils.
Also, TISCO has kept its domestic prices of stainless steel unchanged for September 2011. The company is extending a CNY 600 per tonne discount for its distributors. However, TISCO's offers are still CNY 1,000 per tonne higher than the spot prices in Wuxi market this week even the company provide the discount to distributors