Recent Highlights:

• A dramatic price drop of 200 units in a day? How does 201 stainless steel manage to be so dramatic?
• Stainless steel futures fall below 14,000; spot 304 resists, while 201 breaks through defenses.

According to the 51 Stainless Steel market news on June 14, 2024, from Foshan, the recent hot topic of "beef prices plummeting, with a loss of 6000 yuan for raising a cow" has surged on the hot search list. Nothing is too eye-catching, what commodity can guarantee only profit and no loss? In the world of stainless steel, this is a common occurrence.

Cost support is not a panacea. The current situation in stainless steel is precisely because each group and individual has different costs, which leads to extreme competition, and dissatisfaction with both rises and falls in prices.

Retailer A: Engaging in cold rolling hedging is also challenging. Qingshan's frequent reporting for approval and Delong's difficulty in delivering goods result in either being unable to sell when the market rises or still being helpless when the market falls due to undelivered goods.

Retailer B: Many have turned to hot rolling and narrow strip hedging... Some are doing well, but others are now very troubled because they later found that hot rolling, especially hot rolling narrow strips, is not played the same way as cold rolling.

Retailer C: Yes, yes! First of all, it's not just about a 50-unit price drop to sell; secondly, there's the user group issue, you might find it difficult to find distribution channels; and another thing is that hot rolling involves more non-SHUI... I dare say that for 304, most of the leaders in price drops are those who have made the plate.

Retailer D: I really don't know how to deal with stainless steel anymore, whether you have strength or not, you end up being out of temper. Delong gives you 5000 tons today, and you don't know when the next delivery will be, or how many tons. The visible goods are highly controlled, and the prices that are good-looking are so bad that even dogs dislike them. There are wars everywhere: internationally, in the steel trade market, some people fight for freedom, some fight for survival, but there are also people who commit crimes against the wind...

Market Insiders: It is said that stainless steel is a besieged city... But now, there are more people who want to come out, and there are fewer people who want to go in.

Industry Speculation: Last month's unbreakable DX201 cold rolling processing fee has finally been quietly reduced by 50 units! It feels like it will be adjusted again later. With sluggish demand and endless internal strife, the reshuffling of rolling mills will continue.