China's stainless steel prices dropped over the past week on sustained weakness in demand and rising inventory levels in the spot market.
Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-14,500 yuan ($2,106-2,166) per tonne including value-added tax for the week ended Wednesday April 17, down 300 yuan per tonne from a week earlier.Stainless steel mills have been keeping their...