China’s stainless steel sellers cut prices to attract buyers

Chinese stainless steel prices dipped in the week to Wednesday February 15, with the weakness coming amid pressure among sellers to reduce their inventories and following a decline in nickel prices, market sources told Fastmarkets.

The three-month nickel contract on the London Metal Exchange closed the official session at $26,850-26,900 per tonne on Tuesday, down by $3,450 per tonne from $30,300-30,350 per tonne on February...

Published

Jessica Zong

February 15, 2023

09:56 GMT

Shanghai