Domestic stainless steel prices in China edged up further over the past week despite the European Union initiation of an anti-dumping investigation on products from the country and two other territories.
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 15,100-15,500 yuan ($2,148-2,205) per tonne including value-added tax for the week ended Wednesday August 14, up 100 yuan per tonne from a week earlier. The EU began its anti-dumping probe on stainless hot-rolled sheet and coil originating in China, Taiwan and Indonesia earlier this week.An August 12 notice listed...