Domestic stainless steel prices in China continued to slide over the past week with stockists making a push to destock.
Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,500-15,300 yuan ($2,294-2,420) per tonne including VAT for the week ended Thursday March 15, widening downward from 14,600-15,300 yuan per tonne a week earlier. Stockists have a lot of inventory due to weak demand coupled with steady supply from mills in recent...