China’s 300 series steel stocks start to decrease, market expected to move to optimistic side
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Update time : 2023-02-27 17:20:27
As of February 23, China’s 300 series stainless steel stocks continued to decrease gradually on the premise that steel supply from steel mills was sufficient. The situation might be because downstream buyers’ demand kept increasing. Besides, the orders of 430 cold-rolled products were at average levels. Also, the inquiry from foreign countries increased.
Most market participants still kept a cautious attitude and adopted a make-to-order (MTO) strategy. Although the market is still calm, it is forecasted to move to the optimistic side.
