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Chinese cold-rolled & hot-rolled stainless steel prices modulate differently

18 Apr 2023 13:39 reported by Lena Yang

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Recently, with stainless steel futures market fluctuation, 304 cold and hot-rolled spot prices also adjusted.

After Lunar New Year, the downstream demand returned slowly, and traders' inventory and financial pressure intensified.

The demand for 304 hot and cold-rolled products in China's steel market was adjusted according to the price at any time. When the price difference was large, the demand for hot-rolled products was more.

However, due to the weak demand for hot-rolled products in the Foshan market and the lack of resources, the cold-rolled price adjustment is now larger than the hot-rolled price.

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