WEEKLY: China stainless prices fall across most grades in Wuxi

Last week, China's spot prices of stainless cold-rolled coil (CRC) softened across most series of the steel in East China's Wuxi, the country's key trading stainless hub, tracking declines in Shanghai futures prices, according to Mysteel's latest assessment.

On March 20, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless CRC in Wuxi at Yuan 14,350/tonne ($2,084/t) in-warehouse and including the 13% VAT, down Yuan 100/t on week. The same day, the most-traded stainless steel contract on the Shanghai Futures Exchange for May delivery closed the