China’s stainless steel prices retreat on weakening nickel

Steady demand failed to sustain the upward momentum for domestic stainless steel prices in China over the past week amid softening nickel futures.

Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 14,700-15,000 yuan ($2,135-2,179) per tonne including value-added tax for the week ended Wednesday July 31, down 200-400 yuan per tonne from a week earlier.


Jessica Zong

August 01, 2019

06:20 GMT