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GLOBAL STAINLESS STEEL UPWARD PRICE
  • 2017-02-08

Global stainless steel selling value has been on peak at the end of 2016. The stainless steel price soared by more than a third in December year-on-year due to China supply-side structural reform and International trading policy restriction from Donald John Trump.


In the past several months , spot coking coal price was top to USD300 per tonne. It was more than tripled in 2015. The iron ore values were also fluctuating between usd70 and usd80 per tonne. So it is challenge for Mills like Cong shine (Shanghai) metal material co.,ltd to keep stainless steel price stable due to higher input costs .

We think most producers have been successful in recouping high outlay on raw materials within a global stable trading environment. According to world stainless steel sales figures the average stainless steel price increased by 6.9 %, month-on-month.

Now the purchaser in the US and Europe are likely to acept the higher prices tabled by the local steel producers in order to secure sufficient material like stainless steel sheet/stainless steel pipe based on global tight supply conditions.

We believe that global transaction values will strengthen in the first trimester 2017. But the worldwide steel demand is expected as customers replenish their inventories . As the one leader of stainless steel industry Cong shine (Shanghai) metal material co.,ltd predicts that a prolonged recovery on stainless steel price won’t occur  unless a significant change in market fundamentals develops.


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