Make sure you are on track with market dynamics every week.
Stainless Insights in China from September 2nd to September 6th, the weekly average prices of the major grades of stainless steel decreased mostly. Spots inventory has been reduced...
Stainless Insights in China last week: all hopes bet on the US Fed rate cuts. People believe the Fed rate cut helps boost the non-ferrous market. Will stainless steel prices increa...
Canada will impose 25% tariffs on most stainless steel products, starting on October 15th. China is making an effort to control steel output. Keep reading Stainless Insights in Chi...
2024-08
August 12th ~ 16th, Stainless Insights in China: Stainless steel prices crumbled last week, and steel mills' profit loss worsened.
Prices declined. The stainless steel market went through an "M" trace last week in China when everyone thought it would be a "W". Stainless Insights in China this week keep watching.
Stainless steel prices increased last week when the slack season is going to end. Another reason for the price rise is that Indonesia said there will be an Indonesia Metal Exchange in 2025, LME nickel price increased. Keep reading Stainless Insights in China last week.
2024-07
It is estimated that the demand for stainless steel in August will be 2.88 million tons, an increase of 85,000 tons ( 3.04%) compared to July. Read Stainless Insights in China now.
Are you ready for the Games? We hope this summer event can relieve the whole world from conflicts and intense. The world needs happiness and reunions to go through some dilemmas. The stainless steel industry which has suffered consistent tepid demand needs them as well. Last week, the stainless steel futures and spots went down. The latest loan market quoted interest rate (LPR) was released and dropped. The market lacked faith, and later in the week, Chinese stainless steel giants opened to drop
What a dramatic and convulsive week. The US Election catches all eyes for sure. Last week, the stainless steel futures market fluctuated to drop and spot transactions were insufficient, spot prices followed to decline. The inventory stayed large, and although there is news that the production and supply to be reduced in July, the price remains gloomy. Sluggish demand and price pushed stainless steel to face profit loss again—— production cost is almost higher than the selling price i
