Domestic stainless steel prices in China picked up over the past week following a strengthening of the nickel market.
Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,700-14,900 yuan ($2,137-2,166) per tonne including value-added tax for the week ended Wednesday July 17, up 400-600 yuan per tonne from a week earlier. Nickel futures on the Shanghai Futures Exchange have been rising...