China’s domestic stainless steel prices rebound on stronger demand, gains in nickel

China’s domestic stainless steel prices increased over the past week due to a recovery in demand and strong gains in the London Metal Exchange’s nickel price.

Metal Bulletin’s assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-15,000 yuan ($2,246-2,389) per tonne including VAT for the week ended Thursday April 19, up 400-500 yuan per tonne from a week earlier. End-users maintained a steady rate of procurement over the past week, pushing up stainless steel prices....

Published

Jessica Zong

April 20, 2018

03:51 GMT

Shanghai