Indonesia Tsingshan hikes export offers again for 304 stainless after IMIP plant shutdown

PT Indonesia Tsingshan Stainless Steel (ITSS), the Indonesian production base of China's Tsingshan Holding Group, raised its 304-grade stainless export prices by $50/tonne on March 10. The move follows its late-February hike and brings the total rise since the February 15-23 Chinese New Year holiday to $65/t.

The price adjustment came just one day after a major production disruption at the Indonesia Morowali Industrial Park (IMIP), where four high-pressure acid leaching (HPAL) projects – QMB, Meiming, ESG and Green-Eco – were forced to suspend operations for maintenance as a consequence of a fatal landslide at their