Domestic stainless steel prices in China rebounded over the past week on news that Indonesia would expedite a ban on the export of nickel ore.
Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 15,200-15,800 yuan ($2,131-2,216) per tonne including value-added tax for the week ended Wednesday September 4, up 300-500 yuan per tonne from a week earlier. Indonesia will ban nickel ore...