WEEKLY: China 304-grade stainless CRC prices hold flat

Spot prices for 304-grade stainless cold-rolled coil (CRC) remained stable across China's key stainless trading hubs during Mysteel's May 21-27 survey week, supported by steady Shanghai futures prices and firm production costs.

On May 27, Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless CRC in Wuxi, East China, at Yuan 15,150/tonne ($2,235/t) in-warehouse and including the 13% VAT, unchanged on week. On the same day, the most-traded stainless steel contract on the Shanghai Futures Exchange for July delivery closed the daytime