Baosteel Stainless, the second largest stainless steel producer in China announced to cuts its austenitic hot rolled and cold rolled stainless coil domestic prices by RMB500/ton and RMB700/ton for October.
After the adjustment, the company's list prices for 304 grade HRC and CRC are at RMB15,200/ton and RMB16,300/ton.
Also, the company cut its ferritic prices by RMB200/ton, making its prices for 430 grade CRC to RMB9,400/ton.
The above price include 17% VAT.