The price of Chinese stainless steel is still steady this week during long holiday of the Chinese New Year. So far, the prices of stainless steel and ferro-chrome in China keep unchanged.
It also affects the global stainless steel market to keep quiet as the 3-month nickel price at LME was around US$18,325/ton on Feb. 13, 2013, with only up by 0.2 percent in this week.
Chinese stainless steel market will re-operate next Monday. The latest prices of Chinese 304 and 316 stainless steel could be released next week.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63043&division=A1
