WEEKLY: China's stainless prices surge across most grades

Spot prices for most stainless steel grades in China saw broad-based gains during Mysteel's January 5-9 survey week, driven by stronger futures prices and firm cost support across the industry chain, Mysteel Global noted.

The most notable increase was observed in 300-series items, the survey results showed. On January 9, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 13,800/t ($1,978/t) in-warehouse and including the 13% VAT, up Yuan 650/t from January 4,