China’s domestic stainless steel prices down amid weak demand, bearish outlook

China’s domestic stainless steel prices dropped over the week ended Wednesday August 30 due to weak demand and market participants’ pessimistic outlook of seasonal demand recovery, sources said.

Domestic

Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China was 15,300-15,400 yuan ($2,103-2,117) per tonne on Wednesday, down by 300 yuan per tonne from...

Published

Jessica Zong

August 31, 2023

06:18 GMT

Shanghai