China’s stainless steel demand still weak despite relaxation of logistics restrictions
China’s domestic stainless steel prices edged down on Wednesday May 11, due to continuing weak demand, despite transporation restrictions being lifted in the transaction hub of Wuxi, sources told Fastmarkets.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi):
19,800-20,000 yuan ($2,932-2,962) per tonne
The price widened down by 100 yuan per tonne compared with May...