Steel News

We strive to let you one step ahead of the market.

China’s stainless steel inventory drops due to improved transaction

17 Jan 2022 15:49 reported by Joy Liu

A A A
China’s stainless steel futures have risen for several days last week due to rising nickel prices, production cuts by a certain cold-rolling mill, and demand for stockpiles at the end of the year.

Driven by rising prices, the transaction last week turned better than the previous week. As of January 13, 2022, China’s stainless steel inventory totaled 578,100 tons, a week-on-week decrease of 3.74%.

In December 2021, the country’s stainless steel output, especially in 200 series, increased due to positive production on better profits. Meanwhile, the output of 300 series dropped slightly. However, due to month-on-month increases in most steel mills’ inventory, the overall inventory remained high.

Back to Steel News

Related News

MEPS revises down global stainless steel production forecast for 2022

  • Stainless steel
  • 2 Dec 2022 16:35

China’s stainless steel imports & exports increase in Jan-Oct y-o-y

  • Stainless steel
  • 1 Dec 2022 16:36

Walsin Lihwa tops global leader in stainless steel wire rods and bars after acquiring Italy's CAS

  • Stainless steel
  • 1 Dec 2022 16:25

Walsin Lihwa moderately hikes stainless steel wire rod prices for Dec

  • Stainless steel
  • 30 Nov 2022 16:20

Aperam raises European stainless steel alloy surcharges for Dec

  • Stainless steel
  • 30 Nov 2022 16:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,056.00
  • 3,050.00
  • Aluminum
  • 2,430.00
  • 2,459.50
  • Copper
  • 8,216.00
  • 8,250.00
  • Nickel
  • 26,900.00
  • 26,900.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790
  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790

Learn more