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WEEKLY: China 304 stainless prices plunge

Source: Mysteel May 21, 2026 19:45
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Stainless Steel Price
China's spot prices for 304-grade stainless steel plunged during Mysteel's May 14-20 survey week, pressured by a weakening futures market and declining production costs.
On May 20, Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 15,150/tonne ($2,228/t) in-warehouse including 13% VAT, down by Yuan 300/t on week.   The same day, the most-traded stainless contract on the Shanghai Futures Exchange closed the daytime session at

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