Stainless Steel Market Report April 2016
2016-05-04 14:42:04 【Print】
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Chinese stainless steel prices saw an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices. However, downstream customers were still struggling amid the gloomy economy and their demand remained weak
. Having no confidence in the market outlook, traders refused to build large stockpiles and the market inventory kept low . Insiders do not expect the price to go up further in the coming month.