China’s domestic stainless steel prices rise, but export market flat

摘要

China’s domestic stainless steel prices continued to rise over the past week on low inventory levels and high production costs. Meanwhile, export prices were flat amid sparse trading. A strong nickel market also supported stainless steel prices. The three-month nickel contract on the London Metal Exchange ended Wednesday July 15’s official trading session at $13,555 per tonne, up by $90 per tonne from $12,465 per tonne on July 8.