WEEKLY: Wuxi stainless prices steady across all grades

China's spot stainless steel prices in Wuxi, a key stainless-trading hub in East China, experienced narrow fluctuations and remained steady across all grades last week. The strengthening of Shanghai stainless futures mainly supported spot cargo prices in Wuxi, Mysteel Global noted.

On May 29, Mysteel assessed the price of 304/2B Hongwang 2×1240mm stainless cold-rolled coil (CRC) in Wuxi at Yuan 15,100/tonne ($2,232/t) in-warehouse, including 13% VAT, unchanged from a week earlier. In the derivatives market, the most-traded stainless contract on the Shanghai Futures Exchange for July delivery closed the daytime trading