China’s stainless steel prices drop further amid weak demand

China’s stainless steel prices continued to trend downward over the week to Wednesday June 1 due to soft demand that has lasted for a month. Domestic prices fell for a third week while export prices dropped for a fourth week.

Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,200-19,300 yuan ($2,872-2,887) per tonne, down by 300 yuan per tonne from a week earlier.



Jessica Zong

June 02, 2022

04:50 GMT