SteelOrbis has learned from market sources that Chinese steel behemoth Baosteel has increased its export offers for 304 grade stainless steel coils by $50/mt for February shipments.
Accordingly, Baosteel's offers for 304 grade stainless steel hot rolled coils (HRC) are now standing at $2,500/mt FOB, while its offers for 304 grade stainless steel cold rolled coils (CRC) are at $2,700/mt FOB.
In the meantime, the mill's offers for 430 grade stainless steel HRC are still standing at $1,240/mt FOB, while its offers for 430 grade stainless steel CRC are at $1,400/mt, both prices remaining unchanged.
Baosteel adjusts stainless steel coil export offers
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