Industry News

China’s 400 series stainless steel forecasted to maintain at high side

Views : 73
Update time : 2023-08-11 19:55:09
At the beginning of August, parts of China’s steel mills announced to cut their production or put it under maintenance. Regarding the cost of 400 series steel, because high carbon ferrochrome prices kept increasing, it supported the price.

In terms of domestic demand for the 400 series, the social inventory fluctuated narrowly, and the situation of stockpiling was not obvious. Regarding foreign markets, because of global inflation, the markets in Europe and North America were still under pressure. Besides, July and August were the off-peak seasons; enterprises started to consume the inventory instead of replenishment.

In conclusion, the supply of 400 series was expected to decrease compared to the previous month. The demand would keep stable, and the cost would go up. The 400 series stainless steel price in August was forecasted to maintain on high side.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11