China's domestic stainless steel prices trended downward for a third week due to soft demand and losses in the nickel market.
Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,400-15,700 yuan ($2,208-2,251) per tonne including VAT for the week ended Wednesday October 31, down 100 yuan per tonne from a week earlier.An inactive downstream market kept demand for...