Stainless steel futures prices in China declined due to weak demand from steel processing plants and lower raw material prices.
January futures stainless steel prices on the Shanghai futures exchange traded at 16,180 yuan ($2,546, 91 cents) per tonne, down 3.6 percent, after falling 4 percent during the day.
Rebar prices for May delivery fell 1.1 percent to 4,389 yuan or $690.9 per tonne.
Hot rolled steel (HRC) coil prices fell 1.5 percent to 4,556 yuan or $717.2 per tonne.
The iron ore futures contract, which is the most heavily traded contract on the Dalian commodity exchange, continued its increase on the third day after rising more than 3 percent during the day, closing 0.8 percent at 654 yuan, or $102.9, per tonne.
After seeing an increase of 5.6 percent during the day, coking coal prices increased by 1.4 percent and were traded at 2,044 yuan, or $321.7, per ton.
Coke, on the other hand, decreased by 0.9 percent to 2,927 yuan, or 460.7 dollars, per ton.
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