Weak demand, increased supply weigh on China’s stainless steel prices

摘要

China’s stainless steel prices dropped over the past week on sustainedweakness in demand and rising inventory levels in the spot market.Fastmarkets MB’s domestic price assessment for benchmark 304stainless cold-rolled coil in the major market of Wuxi was 14,100-14,500 yuan ($2,106-2,166) per tonne including value-added tax forthe week ended Wednesday April 17, down 300 yuan per tonne froma week earlier.