Chinese stainless steel prices flat amid quiet market

China’s stainless steel prices were unchanged over the past week with markets winding down toward the year-end.

Domestic
Fastmarkets’ weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 14,300-15,100 yuan ($2,047-2,161) per tonne including value-added tax on Wednesday December 25, unchanged from a week earlier.
Stainless steel prices did not increase although a major steel mill in eastern China that had a lot of inventory had been under pressure in the past few weeks to lower it to normal levels, sources said.

“Stainless steel output remains high and no mills...

Published

Jessica Zong

Lee Ken Kiat

December 26, 2019

07:00 GMT

Shanghai, Singapore