Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi)
: 18,800-19,000 ($2,942-2,974) per tonne, down by 500 yuan per tonne from a week earlier
Downstream industries performed poorly, leading to lower stainless steel demand.
Market sentiment became bearish after the National Bureau of Statistics (NBS) released downstream data on November 15.
The production of refrigerators was 7.64 million units in October in China, down by 13.5% from a year earlier. The figure for washing machines was 7.67 million units last month, down...