SHANGHAI, Mar 27 (SMM) - 300-series stainless steel scrap quotes stood at around 11,100 yuan/mt in east China, flat from the previous week, which was equivalent to high-grade NPI prices of around 1,150 yuan/mtu. The cost efficiency of stainless steel scrap stood higher than NPI last week. The cash cost of cold-rolled stainless steel produced completely by stainless steel scrap was about 15,430 yuan/mt, and that by high-grade NPI was about 15,467 yuan/mt.


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