Chinese steel giant
Baosteel has increased its
stainless steel hot rolled coil (HRC) and cold rolled coil (CRC) export prices for October shipments by $30-50/mt as compared to last month.
Accordingly,
Baosteel is now offering 304 series
stainless steel HRC to the export market at $2,450/mt FOB, while its offers for 304 series
stainless steel CRC are at $2,650/mt FOB. Both price ranges have moved up by $50/mt over the last month. In the meantime,
Baosteel's offers for 430 series
stainless steel HRC have increased by $30/mt since last month to $1,210/mt FOB and its 430 series
stainless steel CRC export offers are at $1,430/mt FOB, indicating an increase of $30/mt. All offers are for November shipments.