Scrap Metal Prices

China’s stainless steel 304 price predicted to keep stable in December as reported by www.yieh.com . The stainless steel 304 price in China market has increased to more than RMB 20,000/ ton from RMB 18500/ton earlier a week. It’s said the price increased mainly resulted from production cut in December.

The major stainless steel producer, Tisco, announced on November 16th that the company may consider cutting production to keep current price stable.