China’s stainless steel prices drop on weak demand

Domestic stainless steel prices in China moved lower during the past week as demand weakened.

Benchmark 304 stainless cold rolled coil was being traded at 17,000-17,200 yuan ($2,447-2,475) per tonne including VAT in the major market of Wuxi on Thursday December 22, down 500-600 yuan ($72-86) per tonne from a week ago. Due to environmental protection regulations currently in force to combat acute smog, the processing...


Jessica Zong

December 22, 2016

04:28 GMT