WEEKLY: Lower stocks keep China's 304 stainless CRC prices steady

China's 304-grade stainless steel market presented mixed results for cold-rolled coil (CRC) and hot-rolled coil (HRC) over October 30-November 6, Mysteel data show. Prices for CRC remained steady, while HRC prices declined slightly, largely influenced by contrasting inventory trends and fluctuating raw material costs.

As of November 6, Mysteel assessed the price of 304-grade Hongwang stainless CRC in Wuxi, a key trading hub in East China, as unchanged week-on-week at Yuan 13,650/tonne ($1,905.5/t) in-warehouse, including 13% VAT. Over the past week, Chinese stainless steel traders held their CRC prices firm, encouraged by the