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Print[Ferro-Alloys.com]It is reported that Taigang Stainless, the largest stainless producer in China, has announced to cut the domestic prices for its stainless steel products by CNY 300 to CNY RMB700 per tonne averagely for September 2012.
After the adjustment, the firm's September domestic prices for 304 grade cold rolled stainless steel products are at CNY 17,600 per tonne, falling by CNY 700 per tonne; that for 304 grade hot rolled stainless steel products is at CNY 17,500 per tonne, decreasing by CNY 300 per tonne and that for 430 grade CR stainless steels at CNY 9,500 per tonne, down by CNY 400 per tonne.
Also, the firm decided to reduce its export prices by USD 50 to USD 100 per tonne for August 2012.
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