Industry News

China's stainless steel prices in Jul expected to show volatile trend

Views : 59
Update time : 2024-07-04 17:02:42
In July, China's stainless steel prices were primarily volatile. The country's economic recovery has slowed, with the June manufacturing PMI at 49.5%, indicating contraction. Production and new orders declined, while exports showed moderate recovery. The real estate market's decline narrowed but remained sluggish, and the construction industry continued to decline. Additionally, the pace of fiscal expenditure lagged, hindering infrastructure investment.

Meanwhile, the likelihood of the Federal Reserve cutting interest rates this year is diminishing, with the possibility of no rate cuts at all. As China gradually implements new policies, there may be a recovery and improvement in its domestic economic situation.
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