SteelOrbis Shanghai
Ningbo Baoxin Stainless Steel has issued its August ex-factory prices for cold rolled stainless steel products.
The prices of the 304 and 321 series have decreased RMB 6,800/mt ($899/mt) compared with July levels. Following this reduction, SUS 304/2B 2.0 mm coil is now priced at RMB 31,600/mt ($4,180/mt), while 321/2B 2.0 mm coil costs RMB 41,700/mt ($5,516/mt).
The 316L series has dropped RMB 4,000/mt ($529/mt) in price compared with July. As a result, ASTM316L/2B 2.0 mm coil is now priced at RMB 62,800/mt ($8,307/mt).
Finally, the price of the 430 series has decreased by RMB 1,000/mt ($132/mt). The new price of SUS430/2B 2.0 mm coil is RMB 12,300/mt ($1,627/mt).
The above prices include 17 percent VAT and are effective as of August 1.