Monthly Stainless Steel Market Report Aug 2020
2020-09-10 12:00:24 【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, seeing the continuous price increase in the month, customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly . Because of the higher purchase cost and weak demand, traders were reluctant to build large stockpiles.