WEEKLY: China's stainless prices rise across the board

Spot prices rose across all stainless steel series in China during Mysteel's January 12-16 survey week, driven by a combination of a stronger futures performance and solid cost support across the industry chain, Mysteel Global noted.

The benchmark 300-series led the gains, the survey results showed. On January 16, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 14,350/t ($2,059/t) in-warehouse and including the 13% VAT, up Yuan 550/t on week. This upward movement was supported