TISCO leaves CR stainless export prices

Taiyuan Iron & Steel Group will keep its export prices of 300 series cold rolled stainless steel unchanged as a result of the appreciating yuan. TISCO is currently offering a discount of USD 100 per tonne for companies purchasing more than 1000tns of stainless cold rolled coils. The company has also kept its domestic prices of stainless steel unchanged for September 2011 and is extending a CNY 600 per tonne discount for its distributors. However, TISCO’s prices are still CNY 1000 per tonne higher than the spot prices in Wuxi market this week

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