Monthly Stainless Steel Market Report Jul 2019
2019-08-06 08:58:54 【Print】
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Chinese stainless steel prices witnessed an upward trend during this month mainly supported by higher raw material costs and the increase in steel mills' list prices
. However, as customers without urgent need for materials were still holding a wait-and-see attitude and placing orders sparingly, 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 . Insiders think prices would go down in the coming month on weak customer demand.