Chinese stainless steel prices edge up amid pause to trade war with US

China’s domestic stainless steel market picked up some strength over the past week after a 90-day truce was called to the trade war between the country and the United States.

Fastmarkets MB’s price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,300-15,000 yuan ($2,085-2,187) per tonne including VAT for the week ended Wednesday December 5, narrowing upward by 100 yuan per tonne compared with 14,200-15,000 yuan per tonne a week earlier. The US agreed to put off additional tariffs on Chinese imports while China agreed to...


Jessica Zong

December 06, 2018

05:24 GMT