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Tisco Cut Down the Stainless Steel Benchmark Price in July-China

  • Thursday, June 20, 2013
  • Source:

  • Keywords:Tisco Stainless Steel Benchmark Price July China
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[Ferro-Alloys.com]Since mid of May, the stainless steel price had maintained standard as 304/2B in Chinese Wuxi market was at RMB15200-15600/mt. while as the stainless steel had entered into the consumption off-season, the LME nickel price had no rebound trend, many consumers kept the wait and see attitude for the market with rare inquires.
 
On June, 19th, Tisco had continued to cut down the Benchmark Price of some stainless steel products in July. Specifically, both the product 304/2B and 304/NO.1 decreased RMB700 to RMB 16100/mt and RMB15900/mt; the 430/2B kept stable at RMB10500/mt, all compared with the price of June. According to the statistics, the stainless steel stock in Chinese Wuxi areas in early of June increased by 2.95% to 192986tons. The stainless steel price still had risk to go down as the traders bore great pressure for own the high stock.
 
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