WEEKLY: China's stainless prices wrap up on a quiet note

Prices of most flat-rolled stainless steel products in China's core stainless hubs showed modest gains in the week ending September 5, even as trading remained subdued.

On September 5 for example, the spot price of 304/2B Hongwang 2*1240mm cold-rolled coil (CRC) in Foshan, South China, was assessed by Mysteel at Yuan 13,150/t ($1,844/t) in-warehouse and including the 13% VAT, up by Yuan 100/t on week. In contrast, on the same day and on the same