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China’s stainless steel price up drives Asia's cold-rolled price to stabilize

24 Apr 2023 17:08 reported by Lena Yang

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As the market expected, the Asian stainless steel cold-rolled coil price has finally stabilized after hitting a two-year low under the improvement of the stainless steel market in China.

China's stainless steel market, which had been falling for a period, finally showed a deep rebound trend, Within a week, a sharp rise showed in 304 cold-rolled steel prices.

As China's stainless steel market improved, Asian stainless steel cold-rolled also stopped falling. However, demand in China remains weak. Market participants believed the short-term Asian stainless steel cold-rolled coil prices might be in fluctuation.

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