Monthly Stainless Steel Market Report Nov 2019
2019-12-06 09:29:03 【Print】
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Chinese stainless steel prices witnessed a downward trend during this month on lower raw material costs and the decrease in steel mills' list prices
. As raw material prices of nickel went down continuously this month, major steel mills like Taigang Stainless reduced their prices accordingly . However, seeing the continuous price decrease, customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly . Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept low.