China's domestic stainless steel prices stabilized over the past week with more and more participants leaving the market ahead of the Chinese New Year.
Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-15,500 yuan ($2,295-2,453) per tonne including VAT for the week ended Thursday February 8, the same as a week earlier. "More and more buyers have stopped procuring materials...