China's stainless steel export prices rise
It was reported that local stainless steel prices at Shanxi Taigang Stainless Steel Co., Ltd. increased last week.
As the United States and the United Kingdom imposed sanctions on Russian nickel, nickel prices rose further, which has a positive impact on the stainless-steel market. As raw material prices rise, stainless steel prices in China's domestic market have also increased.
Stainless steel futures on the Shanghai Futures Exchange (SHFE) increased by 2.05% on April 23 from last week.
