A Steel Mill in South China to Upgrade Equipment from March to June, Expected to Reduce 200-Series Stainless Steel Production by 300,000 mt [SMM Stainless Steel Spot Daily Review]

Feb 17, 2025, at 4:01 pm

[SMM Stainless Steel Spot Daily Review: A Steel Mill in South China to Upgrade Equipment from March to June, Expected to Reduce 200-Series Stainless Steel Production by 300,000 mt] On February 17, the May stainless steel electronic contract continued to fluctuate rangebound, and spot prices remained stable.

On February 17, the stainless steel electronic trading May contract continued to fluctuate rangebound, and spot prices remained stable. A steel mill in South China is expected to conduct equipment maintenance and upgrades from March to June, which is estimated to affect the production of 200-series by a total of 300,000 mt, potentially boosting 200-series prices. In the Wuxi region, 304 cold-rolled was quoted at 12,950-13,350 yuan/mt, 304 HRC at 12,450-12,600 yuan/mt, 316L cold-rolled at 23,800-24,200 yuan/mt, 201J1 cold-rolled at 7,700-7,800 yuan/mt, and 430 cold-rolled at 7,300-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2505 contract price was 13,025 yuan/mt, with Wuxi stainless steel spot premiums at 95-445 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt). Click here to view SMM historical spot metal prices. Click here to view the SMM metal industry database.

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A Steel Mill in South China to Upgrade Equipment from March to June, Expected to Reduce 200-Series Stainless Steel Production by 300,000 mt [SMM Stainless Steel Spot Daily Review]

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