China's domestic stainless steel prices kept decreasing over the past week with sellers putting in more effort to destock.
Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,800-15,500 yuan ($2,133-2,234) per tonne including VAT for the week ended Wednesday November 21, down 100-300 yuan per tonne from a week earlier.Market inventory levels for stainless steel have risen as a result of several months of weak...