TISCO raises stainless steel export price by U.S.$50/t

11. February. 2010

Recently, TISCO Stainless Steel continues increasing stainless steel export price, up by U.S.$50 per ton.

After the adjustment, TISCO's 304 CRC is quoted U.S.$2,950 per ton （CIF）, that of 304 HRC for U.S.$2,800 per ton.

As TISCO's main export market, S. Korea's importers think that the export price of TISCO does not have the attraction, adding the demand from S. Korea posts no obvious revival, so the adjustment will not have the apparent impact on them.

Insiders hold that TISCO pays its most attention to the great order of government, no time to work on export market and domestic spot market, so it is probable that TISCO increases export price and narrow down the delivery to domestic market.

Meanwhile, another stainless steel producer, Baosteel also brings up the export price for February. The export price of 304 CR stainless steel coil to S. Korea is U.S.$2,920 per ton (FOB) , HR stainless steel coil for U.S.$2,730 per ton, up by U.S.$20 per ton than last month.

S. Korea's POSCO issued its domestic price for February in the beginning of Feb., the price of 300 series was lifted by 100,000 won per ton (U.S.$85/t), till now, the price of 300 series CRC rises to 34.2mln won per ton, and that of HRC is 3.15mln won per ton.

Another S. Korea's steel enterprise-------Hyundai also released the price for February, the domestic price of 304 series CR stainless steel plate/coil 2mm is upwards by 107,000 won per ton, reaching 3.56mln won per ton.
[Alibaba news]