SMM

[SMM Analysis: Economic Advantage of Stainless Steel Scrap Maintained, Market Transactions Expected to Rebound] This week, the price of 304 stainless steel off-cuts in east China increased to 9,350-9,450 yuan/mt, while in Foshan, the price rose to 9,350-9,650 yuan/mt. Currently, by raw material calculation, the production cost of stainless steel made entirely from stainless steel scrap is approximately 13,121.05 yuan/mt, while that made entirely from high-grade NPI is approximately 13,370.82 yuan/mt. This week, large stainless steel producers in south China have not updated their procurement prices for stainless steel scrap...