WEEKLY: China's 304 stainless prices hold stable

Prices of China's 304-grade stainless steel coils largely held stable in the week of July 3-9 on the back of gains in stainless steel futures contract prices in Shanghai, Mysteel Global noted.

On July 9, Mysteel assessed the price of 304-grade stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 12,700/tonne ($1,768.7/t), flat from a week earlier, and over the same period, the assessed price of 304-grade stainless hot-rolled coil (HRC) in the city was also steady at Yuan 12,050/t,