Tisco has increased prices for steel

China Metallurgical Company Taiyuan Iron & Steel Group has increased the price of stainless steel for deliveries to South Korea. It is reported Yieh.Corp. In particular, the cost of stainless steel 304 series has grown to $ 50 per ton, and 430 series - at $ 30 per ton. Recall that Chinese steelmakers increased prices for steel products for delivery in March. The cost of hot rolled coils and sheets of medium thickness increased by 300 yuan / ton (45.6 U.S. $ / ton). Previously reported that Taiyuan Iron & Steel Group has retained the status of the world's largest manufacturer of stainless steel. As a result of last year increased its output of stainless steel Tisco at 9.68% to 2.72 million tons. On the whole steel production Tisco last year grew by 1.37% to 9.59 million tons. It is assumed that this year the Chinese corporation will produce 11.26 million tons of steel, including 3 million tonnes of stainless steel. Tisco is the biggest enterprise producing stainless steel in China. Ministry of Industry