WEEKLY: China's 304 stainless market wraps up with gains

China's spot prices of 304-grade stainless steel climbed during Mysteel's survey week from September 17-23 across the key trading hubs of Wuxi and Foshan, bolstered by firmer futures prices.

Mysteel assessed the 304/2B Hongwang 2*1240mm cold-rolled coil (CRC) in Wuxi, East China, at Yuan 14,200/tonne ($2,116/t) in-warehouse and including the 13% VAT on Wednesday, Yuan 100/t higher from September 17, while in South China's Foshan, the same product was also assessed at Yuan 14,200/t, up Yuan 100/t on