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Tisco keeps the price of stainless steel

Chinese metals company Taiyuan Iron & Steel has decided to keep the price of stainless steel supplies for September 14−20. Reported Yieh.Corp.

Thus, the cost of cold-rolled stainless steel grades 304 will be 23.62 thousand yuan / ton (US $ 3501 / ton.) And hot -. 22.82 thousand yuan / ton (US $ 3383 / t)… Earlier this month, Tisco increased the prices for stainless steel at 400 yuan / ton.

Recall that the company is up to the first half of 2010 increased stainless steel production to 1.4 million tons. In turn, the net profit corporation in a given period rose to 1.8 billion yuan (US $ 264.4 million.). In general, this year Tisco expects to release at least 2.8 million tons of stainless steel.

Note that the Chinese company in comparison with May increased the export of stainless steel at 64.81% in June 2010. It is estimated foreign supplies of the metal Tisco given period amounted to 26 thousand. Tons, which is a record for the Group.

Tisco is the largest enterprise for the production of stainless steel in China. In addition, last year the company was recognized as the largest producer of stainless steel in the world.

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