It’s reported that Taigang Stainless, the largest stainless steel producer in China may cut its domestic stainless steel list prices for April shipments.

Market participants forecasted that the company might reduce the prices by RMB1, 100/ton due to lower nickel prices and weak demand.

It’s said that most buyers have held back the purchase as they fear nickel prices may fall further.

Meanwhile, it’s known that Taigang Stainless hiked its domestic stainless steel list prices by RMB300/ton for March deliveries.