China’s stainless steel prices rise on nickel gains, stronger yuan

China’s stainless steel prices in the domestic and export markets increased over the week ended Wednesday January 4 due to the stronger nickel in the early week and the appreciation of China’s yuan.

The three-month nickel contract on the London Metal Exchange closed the official session at $31,300-31,350 per tonne on Tuesday January 3, up by $800 per tonne from $30,500-30,550 per tonne...