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Asian stainless steel cold-rolled prices stabilize
Over the past week, Asian stainless steel cold-rolled prices stopped dropping and remained at a relatively stable level, good news to market insiders. However, due to uncertainty in the market, purchase activities were still limited.
Meanwhile, as China announced plans for stainless steel production reduction, market participants were quite positive about the market's future performance.
Before Labour Day holidays, local downstream buyers chose to replenish some materials, which caused the social stock level to go down a bit. It is estimated that in the short term Asian stainless steel cold-rolled coil prices may keep fluctuating.
Meanwhile, as China announced plans for stainless steel production reduction, market participants were quite positive about the market's future performance.
Before Labour Day holidays, local downstream buyers chose to replenish some materials, which caused the social stock level to go down a bit. It is estimated that in the short term Asian stainless steel cold-rolled coil prices may keep fluctuating.
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