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Tisco raises stainless steel export quotes to South Korea for November19 Sept 2012

Taiyuan Iron & Steel Group (Tisco), the largest stainless steel producer in China announced to raise the export quotes for its 300 grade stainless steel products to South Korea by US$80/ton for November delivery.

Meanwhile, Tisco offers price cut of US$50~US$100/ton for those buyers who purchase huge volumes.

Industry source said that the South Korean traders would accept Tisco’s offers and start to purchase recently as the Korean Won appreciates against the US dollar and the inventory stays at low level.

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