WEEKLY: China stainless prices show mixed trends across grades

Spot stainless steel prices in Wuxi, a key trading hub in East China, diverged across grades during Mysteel's survey week of September 20-24. Austenitic stainless cold-rolled coil (CRC) prices recovered, while 200-series prices declined and 400-series prices remained stable.

September 20 was a make-up working day ahead of the National Day holiday (October 1-7), while September 24 was the last working day before the Mid-Autumn Festival holiday (September 25-27). On September 24, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless CRC in Wuxi at Yuan 14,200/tonne ($2,115/t)