Baosteel Stainless, one of the major stainless steel producers in China announced to raise its export prices for its 304 grade cold rolled/hot rolled stainless steel coil by US$100/ton for December.

However, the company will cut its export prices for 430 grade cold rolled stainless steel coils by US$20/ton and that of hot rolled will drop by US$60/ton.

After the announcement, its export prices for 304 grade cold rolled coils are at US$2,800/ton FOB; those for 304 grade hot rolled coils are at US$2,600/ton FOB; those for 430 grades hot rolled coils are at US$1,250/ton and those for 430 grade cold rolled coils are at US$1,450/ton FOB.