Chinese stainless steel futures surged more than 4% on Tuesday, boosted by tight supply hopes as producers cut production
Removal of duty on ferro-nickel and stainless steel scrap is a long standing demand and the Ministry of Steel has also at times batted for zero duty on these items.
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
High raw material costs prove a major hindrance in producers' efforts to increase per capita use