China’s stainless steel exporters lower prices to attract buyers

China’s stainless steel exporters reduced prices over the week ended Wednesday May 31 to garner sales, but weak PMI data higher production costs prevented prices from falling further, sources said.


Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China was 14,900-15,000 yuan ($2,096-2,110) per tonne on May 31, unchanged from May 24.


Jessica Zong

June 01, 2023

04:20 GMT