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Baosteel Stainless has continued to reduce the price of stainless steel

27 June 2013
Baosteel Stainless has continued to reduce the price of stainless steel

«Baosteel Stainless»

major Chinese manufacturer of stainless steel, reduces the cost of its

products for shipments within the country. In particular, according to Yieh.Corp.,

the news about the change of price lists for austenitic stainless coils.

The price of this product fell by us $ 114−130 per ton (up to

mark 2360−2520 USD per thousand pounds).

This is not the first

reducing the cost of production of the Chinese Corporation in recent months. So, in

may managers «Baosteel Stainless» has reduced the price of

hot-rolled and cold-rolled steel of grade 304 for the supply of foreign

counterparties (the price of stainless metal grade 430 then left on

the same level).

Recall that the plant «Baosteel

Stainless» occupies a leading position not only in China, but worldwide

the market of steel products. The asset is part of the company «Shanghai Baosteel

Group Corporation», which in the world ranking leaders of the steel industry

stable belongs to one of the positions in the top five.

Main

the owner of the group «Baosteel», founded in 1978, is the state.

Today, the facilities of the Corporation are made of high-tech

products for many market sectors, particularly — special alloy

steel (stainless metal, bearing alloys, spring-resinya and other brands)

automotive, instrumentation, oil & gas industries

shipbuilding and other industries. The Corporation is constantly developing, increasing its manufacturing

power, conducts an active scientific activity, looking for ways to prospective mergers

and establishes long-term contacts with partners around the world. In the state

the organization employs about 32,000 employees.

25 June 2013
2 July 2013