Chinese stainless steel prices flat amid trading lull

China’s domestic stainless steel prices held steady for a second week amid low inventory levels and soft demand ahead of the Chinese New Year.

Fastmarkets MB’s price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,079-2,167) per tonne including value-added tax for the week ended Wednesday January 9, unchanged from a week earlier. There was not a lot of trading activity ahead of the Chinese New Year holiday in early February, which resulted in...

Published

Jessica Zong

January 10, 2019

04:35 GMT

Shanghai