SteelOrbis Shanghai
Taiyuan Iron and Steel (Group) Co. Ltd (TISCO) has issued its September ex-factory prices for stainless steel products. The details are as follows:
1) CR stainless coil: the prices of the 304 and 321 series have risen by RMB 800/mt ($106/mt) compared to August levels. Thus SUS304/2B 2.0 mm coil is priced at RMB 32,400/mt ($4,286/mt), while SUS321/2B 2.0 mm coil is RMB 45,700/mt ($6,045/mt). 316L series remains unchanged in price, and ASTM316L/2B 2.0 mm coil costs RMB 60,200/mt ($7,963/mt). The price of 430 series has increased RMB 600/mt ($79/mt), and so SUS430/2B 2.0 mm coil is now worth RMB 12,800/mt ($1,693/mt).
2) Stainless plate: all specifications of the 304, 321 and 316L series retain their price level of August. SUS304 8*1500*6000 plate is worth RMB 34,700/mt ($4,590/mt).
3) HR stainless coil: all 304 grade specifications have seen a price rise of RMB 800/mt ($106/mt) compared with August; as a result, the price of SUS304/No.1 3-12 mm coil with mill edge is RMB 30,400/mt ($4,021/mt). The prices of 316L series haven't changed; ASTM316L/No.1 3-12 mm coil with mill edge costs RMB 57,300/mt ($7,579/mt). The prices of 430 series have been raised by RMB 300/mt ($40/mt); thus, SUS430/No.1 3-6 mm coil now costs RMB 11,200/mt ($1,481/mt).
The above prices include 17 percent VAT and are effective as of September 1.