WEEKLY: Tsingshan leads rally in China's 304 stainless prices

Prices for 304-grade stainless steel coils continued their upward trajectory across China's major stainless hubs during the week to September 3, with a list price increase from China's top producer proving the key contributor, Mysteel's latest survey suggests.

On September 3, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) from dealer and steel processor Hongwang Stainless Steel headquartered in East China's Wuxi at Yuan 13,150/tonne ($1,841/t) in-warehouse and including the 13% VAT, higher by Yuan 50/t from a week earlier. Meanwhile, on the