Chinese stainless steel prices fell in the week ended Wednesday April 21 on sellers' need to destock and weakness in the nickel market.
The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $16,122 per tonne, down by $135 per tonne from $16,257 per tonne a week earlier.Trading houses were willing to accept lower prices to generate higher sales volumes and decrease their stainless steel inventories due to...