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Stainless steel price close to cost, hard to decline anymore

6 Mar 2020 13:51 reported by Jordan Huang

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According to the market news, the current working stainless steel mills were counted as 67%, which caused the recent production of stainless steel in China only got 1.75 million tons, and it would be the lowest number since 2018.

However, as the easing disease situation in China, more and more stainless steel mills resume their work, and the total output of stainless steel in China might reach almost 2 million tons in March.

Combined with the current market information, the stainless steel price would be hard to decline anymore, as the current price was close to the cost.

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