China's largest stainless mill Taiyuan Iron & Steel has announced new prices for delivery of September. It cut CNY 1,500 per tonne for 304 cold rolled and hot rolled and CNY 500 per tonne for 430 cold rolled.
On the other hand, TISCO increased 2009 annual output estimation to 2.4 million tonnes, 200,000 tonnes higher than their former target.
At the same time, Baosteel is also expected to increase production by 22%.
(Sourced from YIEH.corp)
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