Metal Bulletin’s assessment of prices for
benchmark 304 stainless cold rolled coil was 13,500-14,200 yuan
($1,990-2,093) per tonne including VAT in the major market of
Wuxi for the week ended Thursday July 13, up 200-500 yuan
($29-74) per tonne from a week earlier. Stainless steel mills,
in the absence of inventory pressure, raised their ex-works
prices to see how high a price buyers were...