China’s stainless steel prices increase on government stimulus

China’s stainless steel prices on domestic and export markets moved up over the week ended Wednesday July 26 following a raft of stimulus policies released by the country's central government, sources said.

Domestic

Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China was at 15,300-15,500 yuan ($2,139-2,167) per tonne on July 26, up by 600-700 yuan per...