YUSCO's Stainless Steel Domestic Sales Price Dropped to USD3,000/ton

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Due to the drop of global nickel price, as well as stainless steel products from China and Korea entering customs at low prices, YUSCO Stainless Steel Corp. announced on Apr. 29th that it would lower the price of its 200 series hot-rolled and cold-rolled stainless steel coil, of which the domestic sales price would be lower by USD 3,000 per ton, and the overseas sales price would be lower by USD 100 per ton maximally. Its 400 series remained flat with an average drop of over 3%. In addition, the decrease in market demand has been pulling down the global nickel price. Spot price of nickel fell to USD 15,300 per ton, and the monthly average price dopped to around USD 15,700 -15,800 per ton.

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