Stainless steel spot prices to face downside risk as incoming goods increase inventory pressure

jan 02, 2024, at 12:04 pm
SMM

Stainless steel spot prices traded in a narrow range last week. On December 28, the price of 304 mill bur edge cold-rolled stainless steel was at 13,800-14,000 yuan/mt, showing an average decrease of 50 yuan/mt compared to Dec 25.

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Stainless steel spot prices to face downside risk as incoming goods increase inventory pressure

China’s manufacturing PMI dipped and remained in contraction territory in December

Pr-Nd oxide and alloy price rally to be transitory with the end of major factories' restocking