China’s stainless steel prices rise on higher raw material costs

摘要

Domestic stainless steel prices in China have continued to movehigher over the past week after mills raised their ferro-chromepurchase prices.Benchmark 304 stainless cold rolled coil was being traded at14,900-15,100 yuan ($2,204-2,233) per tonne including VAT in themajor market of Wuxi on Thursday November 3, up 300 yuan ($44) pertonne from a week ago.