Has Stainless Steel Started to Decline?
13:24 Dec 03, 2021 Source: SMM

SHANGHAI, Dec 3 (SMM) - There have been many incidents in which steel mills cut their prices for many times on market downturns. Even the use of hunger marketing cannot save the stainless steel spot market.

Spot cargoes accumulate over time and traders have no worries about not being able to pick up the goods. Others who do not need goods have no demand for delivery. Spot prices of stainless steel recorded 17,000 yuan/mt on December 1 before correcting to 16,900 yuan/mt.

Key Words:  stainless steel 
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