China's domestic stainless steel prices narrowed upward over the past week amid supply concerns.
Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,300-15,600 yuan ($2,305-2,350) per tonne including VAT for the week ended Thursday July 5, compared with 15,200-15,600 yuan per tonne a week earlier. More than 600 induction furnaces will be dismantled in Jiangsu province's...