China’s stainless-steel prices drop on nickel price loss, weak demand

China’s stainless-steel prices decreased in both the domestic and export markets over the week ending Wednesday March 1 due to a decrease in nickel prices, with weak demand from foreign buyers putting additional downward pressure on export prices.

The three-month nickel contract on the London Metal Exchange closed the official session at $25,050-25,100 per tonne on Tuesday, $5,250 per tonne lower than $30,300-30,350 per tonne on February 1....

Published

Jessica Zong

March 01, 2023

12:33 GMT

Shanghai