Monthly Stainless Steel Market Report Jul 2020

Chinese stainless steel prices saw different trends during this month.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright Prices of 304 grade stainless HRC and CRC, 430 grade stainless CRC, and 304 grade stainless seamless pipe in major markets of China went up during the month mainly supported by higher raw material costs and the increase in steel mills' list prices, and those of 300 series stainless steel bar and 201 grade stainless HRC were generally stable, while those of 201 grade stainless CRC dropped on weak demand.Asian Metal Copyright Prices of 304 grade stainless HRC and CRC, 430 grade stainless CRC, and 304 grade stainless seamless pipe in major markets of China went up during the month mainly supported by higher raw material costs and the increase in steel mills' list prices, and those of 300 series stainless steel bar and 201 grade stainless HRC were generally stable, while those of 201 grade stainless CRC dropped on weak demand.Asian Metal Copyright Since customers were still purchasing materials for urgent need, the market sales performance did not become better.Asian Metal Copyright Since customers were still purchasing materials for urgent need, the market sales performance did not become better.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.
.Asian Metal CopyrightChinese stainless steel prices saw different trends during this monthAsian Metal Copyright