China's domestic stainless steel prices dropped slightly over the past week due to muted demand and bearish sentiment among buyers despite an agreement between the country and the United States to a 90-day truce to their trade war.
Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,062-2,149) per tonne including VAT for the week ended Wednesday December 12, down 100-200 yuan per tonne from a week earlier.End users still kept their procurement rates...