High downstream demand supports China's stainless steel prices

May 24, 2019 / www.metalbulletin.com / Article Link

China's domestic stainless steel prices widened upward over the past week amid continued strong demand fromend users.

The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,300 yuan ($2,027-2,070) per tonne including value-added tax for the week ended Wednesday May 22, widening up 200 yuan per tonne from a week earlier....

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