WEEKLY: China's stainless prices see broad decline as stocks mount

Source: Mysteel Nov 17, 2025 15:25

Spot prices of most stainless steel products offered in China last week lost ground, with 300-series cold-rolled coil (CRC) prices leading the declines.

The spot price of 304/2B Hongwang 2*1240mm stainless CRC in Wuxi, East China, was assessed by Mysteel at Yuan 12,700/tonne ($1,789/t) in-warehouse and including the 13% VAT on November 14, down Yuan 100/t on week. The drop tracked the slide in Shanghai futures, where the most-traded stainless steel contract for