China's domestic stainless steel prices have started to retreat over the past week on subdued demand.
Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,400 yuan ($2,259-2,367) per tonne including VAT for the week ended Thursday January 11, down 100-500 yuan per tonne a week earlier. The sustained lack of activity in the market was the major reason that pushed down...