WEEKLY: China's 304 stainless CRC prices firm in major markets

China's prices of 304-grade stainless cold-rolled coil (CRC) held steady across major markets during Mysteel's survey week to July 29, supported by stable raw material costs and falling inventories of 300-series coils, Mysteel Global learned.

On July 29, Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless CRC in Wuxi, East China, at Yuan 14,900/tonne ($2,202/t) in-warehouse including 13% VAT, unchanged from a week earlier. Major stainless steel mills kept their guidance prices firm during the week, supporting the market. On July 24, Tsingshan Group