China’s stainless prices rise on soaring nickel; sales remain sluggish

China's spot stainless steel prices rose this week on a strong nickel performance, although traders are struggling to push through further rises amid weak demand.

Benchmark 304 cold rolled coil was traded at 16,000-16,600 yuan ($2,606-2,704) per tonne including VAT in the major Wuxi market on Thursday November 27, up 400 yuan ($65) per tonne from Steel First's assessment last Friday.

"Even though products are in tight supply, prices have remained stable these past couple days after the surge on Monday, as...


November 27, 2014

07:26 GMT