SteelOrbis has learned that Chinese
stainless steel producer Taiyuan Iron and Steel Co. (
TISCO) has reduced its export offers for 304 grade
stainless coils by $50/mt for orders with shipment dates in September, due to continuous declines seen in LME nickel prices, though the producer had previously said that it would keep its prices unchanged during July.
Accordingly,
TISCO's offers for 304 grade
stainless steel hot rolled coils (
HRC) are now standing at $2,520/mt FOB, while its offers for 304 grade
stainless steel cold rolled coils (
CRC) are at $2,650/mt FOB, both for September shipments.