China’s stainless steel prices surge on nickel gains

China’s domestic stainless steel market experienced a big surge over the past week amid sharp increases for nickel prices.

Metal Bulletin’s assessment of prices for benchmark 304 stainless cold rolled coil was 15,000-15,500 yuan ($2,244-2,319) per tonne including VAT in the major market of Wuxi for the week ended Thursday August 10, up 500-600 yuan ($75-90) per tonne from a week earlier. London Metal Exchange nickel prices recovered from...

Published

Jessica Zong

August 11, 2017

05:46 GMT

Shanghai