Monthly Stainless Steel Market Report Sep 2017
2017-10-17 14:38:02 【Print】
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Chinese stainless steel prices witnessed a downward trend during this month because of lower raw material costs and decrease in steel mills’ list prices
. Expecting the price to go down further, customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders . Besides, some downstream customers could not maintain the regular production due to environmental protection inspection and their demand for stainless steel decreased accordingly . Traders were not confident of the market outlook and refused to build large stockpiles . Insiders do not suppose the market will improve in the coming month.