China’s stainless steel prices edge up, but sentiment remains bearish

Domestic stainless steel prices in China ticked up over the past week on gains in nickel futures, but participants still maintain a bearish outlook toward the market for the next few weeks.

The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,900-14,300 yuan ($2,009-2,067) per tonne including value-added tax for the week ended Wednesday June 12, up 50 yuan per tonne from a...

Published

Jessica Zong

June 13, 2019

04:30 GMT

Shanghai