Downstream industry revival pushes up China’s domestic stainless steel prices

China’s domestic stainless steel prices increased slightly over the past week on rising demand from manufacturers, but a slower recovery elsewhere saw sellers from China and East Asia dropping their export offers to encourage buying activity.

Domestic
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 13,500-14,000 yuan ($1,926-1,998) per tonne, narrowing up by 100 yuan per tonne from a week earlier.
 
The recovery of downstream industries since the peak of the Covid-19 pandemic in the country earlier this year has helped to maintain stainless steel prices.

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Published

Jessica Zong

July 23, 2020

09:06 GMT

Shanghai