Industry News

Indonesia's Tsingshan raises stainless steel export quotations

Views : 61
Update time : 2024-07-08 16:58:12
China's stainless steel market has been on the rise for nearly two weeks. This week, market participants indicated that local steel mills plan to reduce production to support prices. Additionally, futures prices will continue to climb. On July 4, Indonesia's Tsingshan officially notified its customers to raise export quotations.

Tsingshan attributed the price increase to rising steel prices in China and a rebound in alloy prices. It notified customers of a US$15 per ton increase for 304 black stainless steel. Industry players noted that Tsingshan's price adjustment is in line with increases seen in China's spot market.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices