China Increasing Stainless Steel Prices
Posted on December 24th, 2009 by admin
China’s stainless steel prices increasing according to www.yieh.com – China’s stainless steel prices have increased sharply on higher nickel price.
Nickel price is expected to hit US$20,000/ton, with the metal garnering support from news that Russia is going to resume its 5 percent export tax on nickel.
TISCO announced new weekly price by raising 304 hot rolled and cold rolled stainless steel price by RMB200/ton. In Wuxi market, the price of hot rolled and cold rolled stainless steel coils jumped by RMB500 – 600/ton.
Filed under: scrap metal prices
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