China 304 stainless costs buoyed by futures

As of October 18, the place rate of 304/2B 2mm stainless cold-rolled coil ( CRC) in Wuxi, a significant stainless trading hub in East China's Jiangsu, had actually increased to Yuan 17,700/ tonne ($ 2,449/ t) for an on-week gain of Yuan 300/t, according to Mysteel's survey. In parallel, the place price of 304/No.1 5mm stainless hot-rolled coil (HRC) also in Wuxi, had.

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