High downstream demand supports China’s stainless steel prices

China’s domestic stainless steel prices widened upward over the past week amid continued strong demand from end users.

The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,300 yuan ($2,027-2,070) per tonne including value-added tax for the week ended Wednesday May 22, widening up 200 yuan per tonne from a week earlier....

Published

Jessica Zong

May 23, 2019

04:24 GMT

Shanghai