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.
Approximately 50% of nickel ore production in the Philippines is expected to be suspended during the rainy season, accounting for more than 40% of China’s nickel ore imports, which will directly lead to a tight global nickel ore market balance.
From August 11th to August 17th, the hot-rolled stainless steel supply remained low. Replenishment from steel mills was reduced and we saw a possibility of price increasement in September.
As of the close on Friday, August 8, the most-traded stainless steel futures September 2025 contract (2509) settled at US$1,940/MT, up US$20.3/MT from the previous week, representing a weekly gain of 1.13%. Overall, stainless steel prices maintained a firm trend during the week.
Driven by macroeconomic stimulus and improving sentiment in the bulk commodity market, stainless steel prices firmed across futures and spot segments last week. However, with fundamental oversupply still unresolved, the sustainability of this uptrend will hinge on production cutbacks and downstream demand recovery.
Steel mills continue to reduce output in July, but the problem is that demand remains weak. Beijing begins to hand on dealing with the oversupply, market sentiment turns up.
To review is to start better. Now dive deep with us into China's stainless steel market this first half of 2025.
Tsingshan continues to reduce production in July, and its plants in Indonesia have also been halted.
Tsingshan Group reduces production in Indonesia, and the expansion is also suspended. The problem of oversupply is getting more outstabding.
