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WEEKLY: China stainless prices fall across most grades

Source: Mysteel Oct 19, 2026 18:20
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Stainless Steel Demand Price
Chinese spot prices of stainless steel declined across most series last week, pressured by weaker Shanghai stainless futures, lower mill list prices, and sluggish demand.
On October 16, Mysteel assessed 304/2B Hongwang 2*1240mm cold-rolled coil (CRC) in Wuxi, East China, at Yuan 13,900/tonne ($2,077/t) in-warehouse including 13% VAT, down Yuan 200/t week on week and tracking the derivatives decline. On the same day, the most-traded stainless steel contract on the Shanghai Futures Exchange closed

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