Chinese 400 series stainless steel price up in spot market
105 times viewed.
Sunday, 03 Oct 2010
According to report, China’s stainless steel prices rose about CNY 200 per tonne in the spot market over the past two weeks.
Taiyuan Iron & Steel Group current price of 2mm 430 series CRC has raised from CNY 10,500 per tonne to CNY 10,600 per tonne to CNY 10,800 per tonne.
Besides, Baosteel also raised the price of 2mm 400 series CRC by CNY 500 per tonne.
It is also reported that some traders even offered higher prices; moreover, it expects to go higher after the national holidays.
(Sourced from YIEH)
