Chinese prices for cold- and hot-rolled stainless steel coils increased last week. Brisk trader activity, tight supply
304 cold- and hot-rolled continue to rise
Prices for 304 cold-rolled coils, 304 hot-rolled coils each rose slightly. 200 series also increased slightly. 430 cold-rolled products remained largely stable.
Analysts in China expect prices to rise further this week.
Worldwide stainless steel prices on an upward trend
- China: Steel prices rise, strong demand could favor iron ore
- Production reductions: Operating rates of Chinese blast furnaces continue to fall (now at 85%)
- China’s HRC stocks fell further in the week ended March 25
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.