China's domestic stainless steel prices maintained their upward momentum in the week ended Wednesday August 26, after major mills in the country sharply increased their ex-works prices.
Costlier nickel also provided support to the stainless steel market.Fastmarkets' weekly price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,060-1,100 yuan ($154-160) per nickel unit on August 21, up by 30-50 yuan per nickel unit from 1,030-1,050 yuan per nickel unit on August 14.
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