WEEKLY: China spot stainless steel prices stabilize

China's spot stainless steel prices held steady across most grades last week, after Tsingshan Group rolled over its list prices and stainless futures firmed, Mysteel Global learned.

As of August 21, the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, was assessed by Mysteel at Yuan 14,500/t ($2,157/t) in-warehouse and including the 13% VAT, unchanged from one week earlier. In the derivatives market, the most-traded stainless steel contract on the Shanghai