WEEKLY: Foshan 304 stainless CRC prices edge up, Wuxi's hold steady

China's spot prices for 304-grade stainless cold-rolled coil (CRC) moved sideways during Mysteel's May 28-June 3 survey week, supported by gains in Shanghai futures prices, though prices diverged across Wuxi and Foshan, the country's two key stainless trading hubs.

On June 3, Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless CRC in Wuxi, East China, at Yuan 15,150/tonne ($2,238/t) in-warehouse including 13% VAT, unchanged on week. The off-season demand chill kept buyers on the sidelines in Wuxi and curbed upward momentum, sources suggested. On the same day, the