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China's 304 stainless prices beset by sluggish demand


Domestic spot prices of 304-grade stainless steel in China struggled again over June 21-28, weighed down by the persistently poor demand from end-users and dull trading activity, according to market sources.
As of June 28, the spot price of 304/2B 2mm stainless cold-rolled coil (CRC) in Wuxi, a top stainless trading hub in East China's Jiangsu, had dropped to Yuan 18,700/tonne ($2,788.2/t) in-warehouse and including the 13% VAT, dipping by Yuan 500/t on week, Mysteel's assessment showed.   Likewise, the spot price of stainless 304/No.1 5mm hot-rolled coil (HRC) also


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