China Stainless Steel Market Brief

Despite Seasonal Lull, Stainless Steel Market Remains Unstable.

Market Overview:

Steel mills to reduce production, stimulating stainless steel futures plate showing an upward trend.

Raw Material Prices:

Ferro-nickel, the market bargaining range moved down; ferro-chrome, prices stabilized in the short term.

Output:

Steel mills actual production cuts less than expected, the off-season effect of weak demand, the pace of inventory digestion is relatively slow, resulting in inventories continue to climb.

Futures Market:

Short-term price trend is expected to maintain the range oscillation.

Focus Points:

International clients should pay attention to steel mill production and order statuses, as well as the potential market demand.