China’s stainless steel prices drop amid weaker demand; Covid-19 infections to blame

China’s domestic stainless steel prices decreased over the week ended Wednesday December 21 compared with the previous week due weaker demand caused by surging Covid-19 infections, sources told Fastmarkets.

Domestic
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,900-17,000 yuan ($2,422-2,436) per tonne, down by 300 yuan per tonne from a week earlier

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Published

Jessica Zong

December 22, 2022

06:22 GMT

Shanghai