Major stainless steel producers in China have announced the export prices of stainless steel products for the month of April. The suppliers include Baosteel Stainless and Ningbo Baoxin Stainless Steel.
Baosteel has announced its decision to hold the export prices for its 304 grade HR and CR coils for April. The export price of 304 grade cold rolled stainless steel coils will remain at US$2,650/ton FOB, whereas those of 304 grade hot rolled coils will be US$2,500/ton FOB for the month of April this year.
However, the company has announced a cut of US$30/ton on export prices of 430 grade cold rolled stainless steel coils. Post cut, the export prices for these products will be US$1,370/ton FOB. Meantime, the prices of 430 grade HR coils will remain unchanged from the previous month at US$1,250/ton.
Ningbo Baoxin Stainless Steel has announced to cut export prices of 430 grade cold rolled stainless steel products by US$30/ton. Post cut, the average export price of 430 grade CR coils will be US$1,470/ton FOB.
The company has decided to leave its export prices for 304 grade CR stainless steel products flat for the month. The export price of 304 grade CR stainless steel coils will continue to remain at US$2,650/ton FOB during April.