Monthly Stainless Steel Market Report Oct 2017
2017-11-02 08:46:58 【Print】
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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
. However, as demand from customers remained weak, the market sales performance did not become better . 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 . Traders were not optimistic about the market outlook and refused to build large stockpiles . Insiders do not expect the price to go up again in the coming month.