China's domestic stainless steel prices maintained their downward trajectory over the past week amid a lack of significant trading activity, which caused some sellers to lower their offers in an attempt to attract business.
Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,200-15,600 yuan ($2,340-2,402) per tonne including VAT for the week ended Thursday June 21, down 300 yuan per tonne from a week earlier. End-users reduced their procurement...