MetalBiz reported that China's Taiyuan Iron & Steel and Lianzhong Stainless Steel have announced to keep the stainless steel price unchanged from last month.

Because the nickel price on the LME enjoyed a soar last week, Taiwan's stainless steel mills have planned to lift the stainless steel price in the second half of this month.

After consideration, with surplus stock in the market, Chinese mills gave up the plan to lift the October price.

Actually, although most buyers had realized the mills to probably lift the stainless steel price, they still hesitate to take actions to purchase.

(Sourced from MetalBiz)