China's domestic stainless steel prices surge to 10-year high

China’s domestic stainless steel prices surged rose sharply over the week to Wednesday September 23 amid tight supply and steady demand.

Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 21,800-22,500 ($3,370-3,478) per tonne, up by 2,800 yuan per tonne from a week earlier
Prices have risen to their highest since September 2011.
Jiangsu province, a major stainless steel production hub, on Sunday released a notice about lowering industrial energy consumption and emissions. Among other things, local authorities told industries that their electricity consumption must not exceed that of the corresponding period of last year.

The measure was implemented on the same day and the...


Jessica Zong

September 23, 2021

04:05 GMT