📈 Market Overview

Stainless steel prices have recently experienced a shift, influenced by the pricing strategy of Qingshan Steel Mill. The market has witnessed a general decline in spot prices by 50-100 RMB/tonne. This adjustment has affected various stainless steel products, including tubes, plates, and strips.

📉 Price Adjustments

Following the update from Qingshan Steel Mill, the 304 cold-rolled narrow strip prices have dropped by 50 RMB/tonne to 13,250 RMB/tonne in the South China region, while the East China region reported a price of 13,200 RMB/tonne. Later in the day, the South China agents made a second adjustment, aligning the prices in both regions.

⚔️ Material Grades

Grade 304 stainless steel, known for its corrosion resistance and formability, has seen a decrease in demand, with traders reporting prices at 12,850-12,880 RMB/tonne, inclusive of tax. The market has also observed a drop in the prices of 201 stainless steel, with some low-priced resources being sought after by buyers.

🗑️ Scrap Stainless Steel

The scrap market has also been affected, with 304 scrap prices falling by 50-100 RMB/tonne and 201 scrap by 30-50 RMB/tonne. Merchants are cautious, with many pausing to quote as they observe market trends.

🏭 Manufacturer's Response

Manufacturers like Huayue Alloy have updated their guiding prices, reflecting a decrease of 100 RMB/tonne from the previous period, indicating a response to the market's current state.