China stainless steel mils cut prices
Chinese stainless steel mills cut prices by up to 800 yuan ($117) per tonne after raw material prices retreated and some market participants predict a stiff correction. Shanxi Taigang Stainless Steel, China’s leading producer, cut its list price for Grade 304 2B 2mm cold rolled coil and hot rolled coil by 800 yuan to 24,620 yuan and 23,420 yuan per tonne for the week. The mill kept the Grade 430 cold rolled coil unchanged at 13,120 yuan per tonne. Zhangjiagang Pohang Stainless Steel (ZPSS) followed with the same price cut, setting its weekly price for Grade 304 CRC at 24,200 yuan. This will also be linked to the falls in Nickel prices. The LME price for Nickel has fallen this week form highs in excess of 20,000 USD per tonne to below 18,600 USD per tonne.
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We are a leading manufacturere of Tower Packings in India. We have requirement for about 550 MT of SS 316L grade coils in 0.4mm /0.35mm thickness in width of 38mm.
We also have requirement for 0.3 / 0.4 / 0.5 and 0.8mm thick SS 304 Grade material in widths of 17mm to 50mm. Approximate requirement is 565 MT
Can you provide us with your lowest rates on CIF Mumbai Basis along with your terms and conditions ASAP.
Material must confirm to ASTM 240 standard inrespect of Chemical composition and Physical properties and tolerence on thickness as to be – 0.02mm
Await your quick response.
Mukul Kothari.( mhkothari@gmail.com )
CEO
Mass Transfer Products Industries.
Phone : 91 22 28752379
Telefax : 91 22 28780252