Trade war starts weighing on Chinese stainless steel demand, prices [CORRECTED]

Demand for stainless steel in China’s domestic market was steady over the past week, but trade tensions between the country and the United States are starting to show signs of weighing on prices.

The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,100 yuan ($2,036-2,094) per tonne including value-added tax for the week ended Wednesday May 15, narrowing downward by 400 yuan per tonne from a week earlier....

Published

Jessica Zong

Miranda Song

May 20, 2019

03:30 GMT

Shanghai