Monthly Stainless Steel Market Report May 2018
2018-06-01 17:48:29 【Print】
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Chinese stainless steel prices went up obviously during this month mainly supported by higher raw material costs and increase in steel mills' list prices
. Some steel mills reduced or stopped the production due to the facility maintenance and the supply for stainless steel was insufficient . However, as demand from customers did not become better amid the traditionally low season, the market sales performance continued to be bad . Traders were reluctant to build large stockpiles to avoid risks . Insiders think the market will keep quiet in the coming month.