WEEKLY: China's 304 stainless prices firm on improved sentiment

Spot prices for 304-grade stainless steel across China's major trading hubs held their ground during November 20-26, as stronger futures prices in Shanghai bolstered market sentiment, the results of Mysteel's latest survey showed.

On November 26, Mysteel assessed the spot price of 304/2B 2*1240mm stainless cold-rolled coil (CRC) in Wuxi city in East China produced by stainless roller Hongwang Stainless at Yuan 12,700/tonne ($1,794/t) in-warehouse and including the 13% VAT, unchanged from a week earlier. On the same day, price of the same