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According to the World Stainless Steel Association (ISSF), global stainless steel production increased by 4.6% to 58.444 million tons in 2023. However, unlike China, all other majo...
Yellen spoke about overcapacity in China's green energy industries and long before her speech, Beijing had noticed the oversupply problem in the steel industry. On April 3rd, B...
China's manufacturing PMI in March difficultly bounced back above 50% after consecutive 5 months under the threshold. Last week, from March 25th to 29th, the Chinese stainless ...
2024-03
The stainless steel market lost control when the regulation on price went loose. Similar to the chaotic world currently. Only prices of the stainless steel 400 series maintained steadily last week. 200 and 300 series both headed down because of higher inventory and a policy change. The market was shaken last Wednesday morning when news broke that Tsingshan would be relaxing price controls on cold-rolled 201J2 products. This led to a wave of price cuts by traders, and downstream customers adopted
Elon’s huge stainless steel bucket successfully launched out. Starship is made of stainless steel, as Tesla describes. Starship is the largest rocket. Stainless steel is an economical material to attain such a volume. But last week, the stainless steel market did not rocket as high as the starship. The stainless steel market met Waterloo because steel mills are expanding the production. The price of four-foot cold-rolled stainless steel 304 was reduced by US$35/MT, to US$1990/MT. Tsingshan
Do you know that in damp weather, it is unsafe to process stainless steel typical when it is raw, because the moist in the air accumulates on the surface of the product. On one hand, it pollutes the material. On the other hand, it influences the finish processing and even worse, increases the possibility of corrosion. Foshan, located in Southern China, recently, has been experiencing extreme wet weather. Therefore, many local manufacturers have to pause until the weather gets drier. Well, as for
Stainless steel was climbing up in price. Raw materials like nickel and chrome has driven the stainless steel futures and spot prices to increase. The scheduled stainless steel production in March is high, which suppresses market confidence. However, because the nickel output is still unclear and insufficient in Indonesia, this will strongly set a limit to keep the stainless steel prices from falling too much. Until March 1st, the mainstream base price of private cold-rolled stainless steel 304
