Tag: Chinese Stainless Steel

According to sources, Chinese stainless steel futures jumped 4.1% to RMB 18,500/t ($2,860/t) for Oct’21 delivery owing to supply tightness. The rise in futures prices can be attributed to the following reasons: Hike in prices of nickel due to supply crunch, with the nickel contract on the Shanghai Futures Exchange rising more than 2.5% in…