Chinese stainless sheet, pipe head in opposite directions

摘要

Stainless sheet prices in China are showing signs of decline, with several major mills posting price cuts throughout July. Prices for stainless pipe, however, have strengthened slightly as import levels tail off.Recent trade statistics issued by Chinese authorities indicate an average nationwide drop of 1,000 yuan per tonne in the price of grade 304 3mm CR stainless sheet. Shanghai Pudong offered one of the largest price cuts, dropping its 304 price last month from 23,000 yuan (