Steel News

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

China’s stainless steel prices & demand in deadlock, while overall market remains optimistic

28 Mar 2022 16:18 reported by Joy Liu

A A A
China’s stainless steel futures prices fluctuated greatly last week due to nickel prices changes. Amid the recent tight ferronickel supply and firm quotations of ferronickel, high prices and the epidemic fears have curbed downstream buyers’ consumption and acceptance.

The current stainless steel cost is high, but consumption is weak, so supply and demand are pulling each other.

The supply of ferronickel is tight in March and April, but the stainless steel production capacity is expanding. The future stainless steel consumption will be boosted by China’s stable growth in markets, so the overall supply and demand of stainless steel is still optimistic.

Back to Steel News

Related News

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

China’s stainless steel crude steel output in week ending Nov 24 decreases w-o-w

  • Stainless steel
  • 29 Nov 2022 17:04

Taiwan’s Yusco announces new stainless steel prices for Dec

  • Stainless steel
  • 29 Nov 2022 15:01

Taiwan’s upstream stainless steel mills expected to raise prices for Dec due to rising nickel prices & inventory replenishment

  • Stainless steel
  • 28 Nov 2022 17:05

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,955.00
  • 2,946.00
  • Aluminum
  • 2,341.00
  • 2,380.00
  • Copper
  • 8,035.00
  • 8,050.00
  • Nickel
  • 26,250.00
  • 26,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,980
  • 2,840
  • NO1 Coil-Jan
  • 2,950
  • 2,810
  • 2B Coil-Jan
  • 2,980
  • 2,840
  • NO1 Coil-Jan
  • 2,950
  • 2,810

Learn more