China’s stainless steel prices dip on weak demand

Domestic stainless steel prices in China have fallen in the past week on soft demand, which led producers to lower their ex-works prices.

Benchmark 304 stainless cold rolled coil was being traded at 15,600-16,000 yuan ($2,263-2,321) per tonne including VAT in the major market of Wuxi on Thursday November 24, down 100 yuan ($15) per tonne from a week ago. “There was no change to demand levels in the past few weeks, so prices experienced...

Published

Jessica Zong

November 24, 2016

05:27 GMT

Shanghai