China's domestic stainless steel market maintained its downward trend over the past week after mills lowered their list prices.
Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-15,000 yuan ($2,041-2,156) per tonne including VAT for the week ended Wednesday November 28, down 500-600 yuan per tonne from a week earlier.Stainless steel producers lowered their ex-works prices over the past week in an attempt to stimulate sales, market sources said.Tsingshan Holdings, the largest such mill in China, on...