China's domestic and export prices for stainless steel dropped over the past week due to a delayed resumption of downstream industries.
Some stainless steel mills have resorted to cutting production due to the weak demand after an extended Chinese New Year break as a result of the novel coronavirus (2019-nCoV) outbreak in China, but market inventory levels continued to rise gradually. This weighs on prices for stainless steel products.Fastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in...