China’s stainless steel prices drop on weak demand, softening nickel

China’s stainless steel prices decreased during the week ended Wednesday April 13 due soft demand caused by Covid-19 outbreaks in the country and a weakening of nickel futures on the London Metal Exchange.

The three-month LME nickel contract ended the official trading session at $32,925-32,975 per tonne on Wednesday, down by $1,025 per tonne from $33,950-34,000 per tonne on April 8.


Jessica Zong

April 14, 2022

04:21 GMT