Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Battery Separator Electrolyte Other Materials Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Baosteel Cuts Coil Export Prices to Reflect Dip in Nickel Prices

Baosteel Cuts Coil Export Prices to Reflect Dip in Nickel Prices

Jun 16, 2014 17:06

Source:SMM

The Chinese Baoshan Iron & Steel (Baosteel) has announced price cuts for austenitic stainless steel coil products.

BEIJING (Scrap Monster): The Chinese Baoshan Iron & Steel (Baosteel) has announced price cuts for austenitic stainless steel coil products. The cut in export price is on account of falling nickel prices. The company announced that its austenitic stainless coil prices will be reduced by $ 200 per ton.

According to the country's major stainless steel producer, the prices of 304 hot rolled coils with 3 mm thickness will be now at $2,800 per ton FOB for deliveries until early-August. After the hike, the prices for 304 grade cold rolled coils with 2 mm thickness now stand at $3,000 per ton FOB.

The nickel prices in London on Friday fell to lowest levels in almost four weeks. The Nickel cash price has declined by around $3,000 per ton over the past one month.

Baosteel is a state-owned iron and steel company headquartered in the Bao Steel Tower in Pudong, Shanghai, China.

baosteel

stainless coil

austenitic

export

coil export price

hot rolled

cold rolled

304 grade

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Indonesia President Re-iterated Bans on Nickel Mineral Exports

According to sources, Indonesian President Jokowi admitted that the ban on raw ore export had not been without challenges, as the European Union (EU) has filed a lawsuit against Indonesia’s nickel ore export ban at the World Trade Organization (WTO).

time

Mar 2, 2022 15:33

Indonesia President Re-iterated Bans on Nickel Mineral Exports

NORNICKEL Nickel Is Likely to Flow into Chinese Market or LME warehouses, Pushing Up Premiums of Other Nickel Brands in Europe and US markets

The SHFE and LME nickel prices diverged markedly in the afternoon trading on Tuesday. The SHFE/LME nickel price ratio shrank from 7.28 to 7.07. The import loss widened to $1,000/mt.

time

Feb 23, 2022 16:49

NORNICKEL Nickel Is Likely to Flow into Chinese Market or LME warehouses, Pushing Up Premiums of Other Nickel Brands in Europe and US markets

China Exports of Aluminium Foil Hit a New High in 2021

According to customs data, China's aluminium foil exports from January to December 2021 totalled 1.34 million mt, a year-on-year increase of 7.73%, hitting a record high. The previous high was 1.30 million mt in 2019.

time

Feb 9, 2022 17:47

China Exports of Aluminium Foil Hit a New High in 2021

Baosteel’s New Steel Base to Put Capacity of 4.7 Million mt/year into Full Production

Baosteel Desheng, a subsidiary of China Baowu Iron and Steel Group, invested 13.6 billion yuan to build a fine stainless steel green industry base in 2018, and the project will be fully put into operation next year.

time

Nov 29, 2021 12:09

Baosteel’s New Steel Base to Put Capacity of 4.7 Million mt/year into Full Production

China Exports of Aluminium Wheel Fell Sharply in October, Unlikely to Recover Significantly in November and December

According to customs data, China's aluminium wheel exports in October 2021 were 65,400 mt, a decrease of 25.79% month-on-month and 21.28% year-on-year.

time

Nov 25, 2021 10:48

China Exports of Aluminium Wheel Fell Sharply in October, Unlikely to Recover Significantly in November and December

China sees lower nickel ore imports from the Philippines in December, Indonesia exports up

Nickel ore exports from the Philippines were down 76% in December while those from Indonesia were up over 60%.

time

Jan 9, 2018 16:12

China sees lower nickel ore imports from the Philippines in December, Indonesia exports up

Peru’s Minerals Export Gets Huge Growth in First Three Quarters

As per data released by central bank of Peru, since export volume and price both go up, the 7 major exported metals grow in value.

time

Nov 14, 2017 09:59

Peru’s Minerals Export Gets Huge Growth in First Three Quarters

Baosteel Group Hikes Steel Prices for January

Baosteel Group raised ex-works prices of all steel products for January according to its latest price adjustment.

time

Dec 13, 2016 09:48

Industry Reminder

Baosteel Group Hikes Steel Prices for January

Baosteel Completes Technical Reform at Galvanizing Line

Baosteel put into production the 1550 galvanizing line September 22 after technical reform, according to csteelnews.com.

time

Sep 26, 2016 15:52

Baosteel Hikes Price for Hot-Galvanized Products in September

Baosteel hiked benchmark price for hot-galvanized products used in automobiles by 100 yuan per tonne for September, according to cnstock.com.

time

Aug 12, 2016 09:16

Industry Reminder

SMM Events & Webinars

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.