Monthly Stainless Steel Market Report Jan 2020

Chinese stainless steel prices witnessed different trends during this month.Asian Metal Copyright With the arrival of the Spring Festival holiday, both traders and downstream customers were leaving the market in succession and the market sales performance was bad.Asian Metal Copyright Prices of 304 grade stainless CRC and 430 grade stainless CRC saw a downward trend on lower raw material costs and the decrease in steel mills' list prices, and those of 304 grade stainless HRC, 201 grade stainless HRC and CRC, and 300 series stainless steel bar were generally stable, while those of 304 grade stainless seamless pipe went up mainly supported by the low market inventory.Asian Metal CopyrightChinese stainless steel prices witnessed different trends during this month.Asian Metal Copyright With the arrival of the Spring Festival holiday, both traders and downstream customers were leaving the market in succession and the market sales performance was bad.Asian Metal Copyright Prices of 304 grade stainless CRC and 430 grade stainless CRC saw a downward trend on lower raw material costs and the decrease in steel mills' list prices, and those of 304 grade stainless HRC, 201 grade stainless HRC and CRC, and 300 series stainless steel bar were generally stable, while those of 304 grade stainless seamless pipe went up mainly supported by the low market inventory.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.
.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpilesAsian Metal Copyright