Indonesia Tsingshan raises 304 stainless export prices again

PT Indonesia Tsingshan Stainless Steel (ITSS), the Indonesian production base of China's Tsingshan Holding Group, has raised its export prices for 304-grade stainless steel by $15/tonne recently, while keeping offers for 316L-grade unchanged, Mysteel Global has learned.

Since February, ITSS has raised its export prices for 304-grade stainless products by a cumulative $80/t. The price adjustment came amid tightening nickel ore policies in Indonesia. In addition to reduced mining quotas, Jakarta has approved tariffs for coal and nickel exports, although discussions on specific tax rates are still