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China’s stainless steel market prices stabilize

22 Dec 2021 16:09 reported by Joy Liu

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China’s stainless steel market has recently recovered and the prices have stabilized after the steel mills’ joint production cuts and Tsingshan keeping its February prices flat, including 304 strips and Hongwang’s 304 cold-rolled coils.

According to market participants, although the current market has stabilized, the terminal demand is still weak as buyers only purchase base on their demand at the end of the year. Therefore, the short-term stainless steel market will not have a great change, and the international nickel price may fluctuate in a stable trend.

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