Stainless Steel Market Report December 2013

The stainless steel market ran slowly in general in December, with prices of most products unchanged or moving up slightly.Asian Metal Copyright Besides, with the approach of the year end, banks all tightened the lending policy, so both steel traders and buyers faced tighter capital flow, which led to a slower market.Asian Metal Copyright The price of the raw material-nickel cathode increased in a fluctuating way but it was not strong enough to support higher prices of stainless steel because the demand for stainless steel from downstream buyers remained soft.Asian Metal Copyright .Asian Metal Copyright Besides, with the approach of the year end, banks all tightened the lending policy, so both steel traders and buyers faced tighter capital flow, which led to a slower market.Asian Metal Copyright Insiders predict that the market is unlikely to make progress in January, 2014 because it is the Spring Festival on January 31, and most participants will retreat from the market from January 15th for the holiday.Asian Metal Copyright Insiders predict that the market is unlikely to make progress in January, 2014 because it is the Spring Festival on January 31, and most participants will retreat from the market from January 15th for the holiday.

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