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316L stainless steel plate price

The price policy of 316L stainless steel plate will be mainly flat: the strong performance of 316L stainless steel plate stocks first comes from the price increase of 304 stainless steel plate related products. On November 8, Baosteel announced that the domestic sales price of Baosteel's plate in November 2017 will be adjusted based on the price in October.
Among them, the base price of thick plate is raised by 100 yuan/ton; the base price of hot rolling is raised by 100 yuan/ton, and the low carbon steel and tread plate of Dongshan and Meishan are raised by 120 yuan/ton. WISCO introduced the product price policy for December 2017, and raised the price of each 316L stainless steel plate. Among them, hot rolling is raised by 300 yuan / ton.
In terms of cold rolling, excellent carbon and deep-drawn high-strength steel were raised by 200 yuan/ton, and others were raised by 300 yuan/ton.
Affected by the rising price, the performance of the 316L stainless steel plate company improved significantly. Statistics show that as of November 8, a total of 26 316L stainless steel plate companies announced the results of the interim report, 23 companies pre-happy, accounting for more than 90%. According to the upper limit of the forecast performance, there are 16 net profits of over 100 million yuan.
Analysts said that Baosteel's ex-factory price was flat and the cold rolling was lowered by RMB 100/ton. The overall trend was basically the same as the market trend, which was in line with market expectations. It also reflected that Baosteel remained cautious on the overall market outlook.
It is expected that after the introduction of Baosteel's price policy, the price policy of steel mills such as Wuhan Iron and Steel and Anshan Iron and Steel will be mainly flat in December.

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