The embossed stainless sheet is a type of textured surface produced by pressing an image into the surface with a rolling die, which is ideal for applications featuring a variety of design elements such as decorative panels, ceilings, walls, etc.
China's manufacturing PMI in March hit a 12-month high, reaching 50.5%. It seems that the global tax war is yet to affect China. But, another issue outbreaks in the domestic market.
Do you think the stainless steel production cut in March will push up the prices?
We saw gold prices rising wildly. Stainless steel prices are increasing as well. Global attention fell on this week because many important central banks such as the US, Japan, the UK, etc are going to release economic and financial signals. Don't hold your breathe, just read some stainless steel insights quickly now.
Stainless steel prices continued to increase these days because Beijing released some positive plans and the raw material cost climbed up. In a short term, the prices will keep the momentum.
We all witnessed a big drama in the Oval Office together last weekend. And what's coming are The US's taxes and other countries' taxes against it. Is the world getting more like a hotpot of porridge? I think, yes.
Downstream demand in China seems to remain at rest, while the demand for raw materials, like nickel and chromium products, tends to rise. Stainless steel prices fluctuated, thereby.
Just back to work from holiday and in the first week, stainless steel prices tend to hold up. And Trump's announcement, somehow unexpectedly inflames the market's concern.
Many believe that stainless steel prices have bottomed out and are beginning to rise. However, the significant production volume in China poses a serious threat to the prices.
As Chinese New Year approaches, the international ports are getting busier and freight rates continue to rise. Chinese stainless steel mills will soon have days off.
