China’s stainless steel prices keep downward trend on weak demand, nickel

China’s domestic stainless steel prices fell for a third week amid continued weak demand and the sharp drop in nickel prices.

Metal Bulletin’s assessment for prices of benchmark 304 stainless cold rolled coil was 13,400-13,900 yuan ($1,945-2,018) per tonne including VAT in the major market of Wuxi for the week ended on Thursday April 27, down 400 yuan ($58) per tonne from a week earlier. In the past week, buyers in the stainless steel market showed little interest in...

Published

Jessica Zong

April 28, 2017

03:50 GMT

Shanghai