China’s domestic stainless steel prices keep rising on nickel gains, increased demand

Domestic stainless steel prices in China maintained their upward trend over the past week on higher nickel prices and strengthening demand.

Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,100-15,500 yuan ($2,249-2,309) per tonne including value-added tax for the week ended Wednesday February March 6, up 400 yuan per tonne from a week earlier. Higher nickel prices...

Published

Jessica Zong

March 07, 2019

03:05 GMT

Shanghai