Tag: Industry update

China’s domestic 304-grade stainless steel prices fall amid raw material weakness

Dec 13, 2024

—

by

Manya Dewangan

in CRC, HRC, Nickel, Pig Iron, Stainless Steel

Mysteel Global: China’s prices for 304-grade stainless flat steel continued to decline during 5-11 December with those for both cold-rolled coil (CRC) and hot-rolled coil (HRC) losing ground. The fall was primarily due to weakening cost support from raw materials such as nickel pig iron (NPI) and ferrochrome (FeCr). As of 11 December, the price…