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Stainless steel prices rebound in China

17 Jun 2008 13:03 reported by Lisa Yao

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China’s stainless steel prices soared last week due to nickel price increase.

In Foshan market, LISCO’s L1 price increased by RMB200/ton, and the price is expected to keep rising on short supply of raw material this month.

Tisco’s 300 series cold rolled sheet price was up by RMB200/ton from last week, and Pohang’s price for 2.0 thickness rose by RMB100/ton.

Prices of 400 series stainless steel remain stable. In Wuxi market, LISCO’s L1 price was firm, and is expected to climb ever higher. Price of 300 series has been increased by RMB300/ton since the end of last week.

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