WEEKLY: China's stainless steel prices diverge across series

China's spot stainless steel prices showed divergent trends during Mysteel's May 11-15 survey week. Prices of 300-series products fell, tracking declines in futures and raw materials, while those for 200-series held stable and 400-series edged higher.

On May 15, Mysteel assessed the price of 304/2B Hongwang 2×1240mm stainless cold-rolled coil (CRC) in East China's Wuxi at Yuan 15,250/tonne ($2,239/t) in-warehouse, including 13% VAT, lower by Yuan 250/t from a week earlier. The drop mirrored losses in stainless steel futures on the Shanghai Futures Exchange. On May