Stainless Steel Market Report January 2016

Prices for most Chinese stainless steel products saw a downward trend during the month in the wake of weak customer demand and lower raw material costs. With end users still struggling amid the gloomy economy and traditional low season, demand for stainless steel continued to be weak.Asian Metal Copyright .Asian Metal Copyright Meanwhile, traders were reluctant to build large stockpiles, intent on avoiding any risks, and the market inventory remained low.Asian Metal Copyright .Asian Metal Copyright With Chinese New Year almost upon us, more and more customers will depart for the holiday and insiders do not expect the market to recover in the coming month.