Tag: Chinese Stainless Steel

China’s stainless steel industry, since mid-December last year, has been witnessing a rising trend. The main 2204 contract rose from RMB 15,525/tonne (t) ($2,407/t) on 10 Dec’21 to RMB 18,740/t ($2,905/t) on 18 Feb’22, which was an increase of RMB 3,215/t ($508/t) in more than two months, an increase of 20% in this period. Analysts…