China's Stainless CR Sheet Market Enters 5,000 dollars /Ton Era

摘要

China's stainless steel market for CR sheets has entered an era of deals at 5,000 US dollars /ton in the wake of a domestic price increase by Ningbo Baoxin Stainless Steel Co last week, according to information made available in Tokyo. The company raised the asking price for nickel-based stainless CR sheets by Yn2,700/ton (346 US dollars). As a result, the new price is estimated at a level of 5,100 US dollars /ton before tax for the product of 0.5mm thick.