Taigang Stainless, the largest stainless producer in China announced to hike its domestic prices for 304 grade stainless steel products by RMB300~RMB1, 000/ton for October, driven sharply rising nickel prices.
It's known that the firm decided to raise the domestic prices for 304 grade hot rolled coils (HRC) thickness of 3mm-12mm by RMB300/ton and to hike the domestic prices for 304 grade cold rolled coils (CRC) with thickness of 2mm by RMB1,000/ton.
However, Taigang Stainless remained the domestic prices for 430 grade CRC with thickness of 2mm unchanged.