Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi):
14,500-15,200 yuan ($2,159-2,263) per tonne, up by 100 yuan per tonne a week earlier
Buyers have raised procurement rates over the past week to replenish inventories, pushing up prices slightly.
Market participants are optimistic about the stainless steel market in the coming few months due to positive developments in downstream industries.
For instance, automobile output reached 2.54 million units in September, up by 14.1%...