June 11 Stainless Steel Market Reference: 304 Spot Prices Around RMB 14,800-15,400/Tonne

📌 As of the morning of June 11, 2026, the latest publicly verifiable stainless steel market references are mainly based on June 10 spot quotations and June 11 benchmark prices. Business Society listed stainless steel at RMB14,833.33 per tonne and stainless steel coil at RMB14,875.00 per tonne on June 11. Using an indicative exchange rate of about CNY1 = RM0.6007, this works out to roughly RM8.91-RM8.94 per kg for reference only. These figures give buyers, sellers and fabricators a practical snapshot before checking live local quotations.

🔩 Shanghai Metals Market’s June 10 stainless steel quotations showed 304/2B coil at RMB15,125 per tonne, 304/NO.1 coil at RMB14,510 per tonne, 316/2B coil at RMB30,320 per tonne, and 430/2B coil at RMB7,735 per tonne. In Foshan, 304/2B rough-edge coil was quoted at RMB14,800-15,400 per tonne, with an average of RMB15,100 per tonne, while 304/2B trimmed-edge coil was quoted at RMB15,700-15,800 per tonne. The 304 grade therefore remains the key reference for common white steel procurement discussions.

♻️ For stainless steel scrap and remelting material, SMM’s June 10 references showed Foshan 201 remelting material at RMB4,700-5,000 per tonne, Foshan 430 remelting material at RMB3,750-3,850 per tonne, and Shanghai 316 remelting material at RMB21,600-21,800 per tonne. Actual transactions may vary by location, grade, nickel content, cleanliness and volume, so these figures should be treated as market references rather than firm buying or selling offers. Traders should reconfirm with local yards before locking orders. 💼