[Ferro-Alloys.com]Baosteel Stainless, one of the major stainless producers in China, has announced to cut the list prices of austenitic stainless steel by CNY 700 to CNY 800 per tonne for July 2012 in response to weak market prices.
The firm decided to reduce the list prices of 304 grade hot rolled coils with thickness of 3mm to 12mm by CNY 800 per tonne and to cut the list prices of 304 grade cold rolled coils with 2B finish with thickness of 2mm by CNY 700 per tonne.
Besides, it also cut the list prices of 430 grade CRC with 2B finish with thickness of 2mm by CNY 100 per tonne.
The firm decided to reduce the list prices of 304 grade hot rolled coils with thickness of 3mm to 12mm by CNY 800 per tonne and to cut the list prices of 304 grade cold rolled coils with 2B finish with thickness of 2mm by CNY 700 per tonne.
Besides, it also cut the list prices of 430 grade CRC with 2B finish with thickness of 2mm by CNY 100 per tonne.
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