Steady demand failed to sustain the upward momentum for domestic stainless steel prices in China over the past week amid softening nickel futures.
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 14,700-15,000 yuan ($2,135-2,179) per tonne including value-added tax for the week ended Wednesday July 31, down 200-400 yuan per tonne from a week earlier. Nickel...