WEEKLY: China's 304 stainless CRC prices extend decline

Prices of 304-grade stainless cold-rolled coil (CRC) in China continued declining during the week of December 24-31 in key trading hubs, including East China's Wuxi and South China's Foshan, Mysteel data show.

On December 31, Mysteel assessed the price of Hongwang's 304-grade stainless CRC in Wuxi at Yuan 13,000/tonne ($1,780.6/t), down by Yuan 50/t from the previous week, in-warehouse and including VAT. Similarly, prices for the same item in Foshan fell by the same margin, closing at Yuan 13,100/t on Tuesday. The