It's reported that the Taigang Stainless, the largest stainless producers announced to cut domestic prices for austenitic hot rolled and cold rolled stainless coils by RMB500/ton and RMB700/ton respectively for October.
After the adjustment, its list prices for 304 grade hot rolled coils with thickness of 3-12mm are at RMB16,300/ton; those for 304 grade cold rolled with thickness of 2mm are at RMB16,900/ton.
However, the company remained its list prices for 430 grade cold rolled coils with thickness of 2mm are at RMB10,500/ton.