Monthly Stainless Steel Market Report Aug 2019
2019-09-11 18:28:19 【Print】
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Prices of 304 grade and 430 grade stainless steel flat products saw an upward trend during this month mainly supported by higher raw material costs and the increase in steel mills' list prices, while those of 201 grade stainless steel flat products witnessed a downward trend on weak customer demand.
For stainless steel long products, prices of 300 series stainless steel bar also went up during this month on higher raw material costs, and those of stainless seamless pipe decreased due to customers' slow purchasing activities.
As prices of raw materials like nickel went up obviously, mainstream steel mills like Taigang Stainless raised their prices accordingly. However, since it was the traditionally low season, downstream customers were mostly purchasing materials for urgent need and the market sales performance continued to be unsatisfying. Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles.
For stainless steel long products, prices of 300 series stainless steel bar also went up during this month on higher raw material costs, and those of stainless seamless pipe decreased due to customers' slow purchasing activities.
As prices of raw materials like nickel went up obviously, mainstream steel mills like Taigang Stainless raised their prices accordingly. However, since it was the traditionally low season, downstream customers were mostly purchasing materials for urgent need and the market sales performance continued to be unsatisfying. Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles.
