WEEKLY: 304 stainless prices in Wuxi steady on firm mill pricing

Spot prices for 304-grade stainless steel in East China's Wuxi city, the major stainless trading hub, levelled off between November 27 and December 3, supported by steady mill offers and rising cost pressures, the results of Mysteel's latest survey showed.

On December 3, the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi was assessed by Mysteel at Yuan 12,700/t ($1,798/t) in-warehouse and including the 13% VAT, unchanged from a week earlier. Market stability was maintained as most mills held their offers firm. According to a Wuxi-based