Soft demand weighs on China’s stainless steel market

Persistently weak demand for stainless steel in China pushed down domestic prices for such products over the past week.

Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-14,900 yuan ($2,156-2,216) per tonne including value-added tax for the week ended Wednesday March 27, down 100-200 yuan per tonne from a week earlier. End-user demand had not risen over the past week, while stockists also slowed down...

Published

Jessica Zong

March 28, 2019

05:20 GMT

Shanghai