[SMM Flash News] SMM reported on June 20 that Tsingshan has reduced the price cap for 304 coils by 100 yuan/mt, while the prices for 316L cold-rolled and hot-rolled products remain unchanged. The details are as follows: 304 Yongjin 4-foot coils at 12,500 yuan/mt (mill base price); 304 Indonesia/Hongwang/Shangke 4-foot coils at 12,400 yuan/mt (mill base price); 304 Hongwang 5-foot coils at 12,300 yuan/mt (mill base price); Yongjin 316L cold-rolled coils at 23,350 yuan/mt (mill base price); Tsingshan 304 HRC coils at 12,100 yuan/mt, with the cut edge flat plate weighed price at 12,240 yuan/mt; 316L HRC coils at 22,900 yuan/mt, with the cut edge flat plate weighed price at 23,120 yuan/mt.