Monthly Stainless Steel Market Report Oct 2017

Prices of stainless steel flat products in major markets of China saw an upward trend during this month mainly supported by higher raw material costs and increase in steel mills’ list prices, while those of stainless steel long products were generally stable.Asian Metal CopyrightPrices of stainless steel flat products in major markets of China saw an upward trend during this month mainly supported by higher raw material costs and increase in steel mills’ list prices, while those of stainless steel long products were generally stable.Asian Metal Copyright However, as demand from customers remained weak, the market sales performance did not become better.Asian Metal Copyright Traders were not optimistic about the market outlook and refused to build large stockpiles.Asian Metal Copyright Some downstream customers could not keep the regular production affected by the environmental protection inspection and their demand for stainless steel was unlikely to be released in the short term.Asian Metal CopyrightPrices of stainless steel flat products in major markets of China saw an upward trend during this month mainly supported by higher raw material costs and increase in steel mills’ list prices, while those of stainless steel long products were generally stable.Asian Metal Copyright Traders were not optimistic about the market outlook and refused to build large stockpiles.Asian Metal Copyright Some downstream customers could not keep the regular production affected by the environmental protection inspection and their demand for stainless steel was unlikely to be released in the short term.Asian Metal Copyright Insiders do not expect the price to go up again in the coming month.
.Asian Metal Copyright Traders were not optimistic about the market outlook and refused to build large stockpilesAsian Metal Copyright