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China’s stainless steel prices continued to rise last week due to rising production costs. Fastmarkets writes in a recent article.

China's stainless steel mills raise list prices due to increased production costs

Nickel rises significantly

The three-month nickel contract on the London Metal Exchange ended official trading Wednesday, Jan. 20, at $18,108 per ton, up $377 per ton from $17,731 per ton the previous week.

Stainless steel mills raise their ex-factory prices

Domestic cold-rolled stainless steel strip 2mm grade 304 domestic (Wuxi): 14,900-15,700 yuan ($2,303-2,427) per ton, up 300-400 yuan per ton from the previous week.

Stainless steel mills are losing money this month, so they have increased their ex-factory prices, sources said.

Source: metalbulletin.com


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