China’s stainless steel prices drop amid thin trading, softening nickel

Domestic stainless steel prices in China have fallen over the past week on thin trading and a softening nickel market.

Benchmark 304 stainless cold rolled coil was being traded at 16,000-16,500 yuan ($2,316-2,389) per tonne including VAT in the major market of Wuxi on Thursday March 9, down 300-500 yuan ($43-72) per tonne from a week ago. “In the past week, demand from end users didn’t grow as expected, so we...

Published

Jessica Zong

March 09, 2017

05:04 GMT

Shanghai