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Industry dynamics

Stainless steel price uptrend goes on in Nordic area
  • 2017-01-29

This is Cong shine (shanghai) metal material .,ltd one of stainless steel supplier in China.  Now let us share stainless steel news with you. MEPS selling figures show hot rolled 304 stainless steel coil continued to rise in January 2017. Buyers activity is at a good level. Tht construction sector demand is still strong. Because of Mill input costs increasing like Nickle,hot rolled stainless steel sheet price continue to rise. Purchaser chose competitive offers from Eastern Europe and farther afield in short term. But they still beliver the stainless steel quality from Asia.

Due to mill high raw material cost,cold rolled stainless steel coil producers need higher selling figures this month. The EU Anti-dumping measures are against China steel suppliers like Cong shine (shanghai) metal material co.,ltd again .Consequently local steelmakers are benfit on it. This changes are being passed on to finial user sectional.

Stainless steel wire and stainless steel rod demand are quiet at the first two weeks of January. But new projects order placement is expected to pick up quickly after China spring festival.

Regard to steel beam ,the prices was also increased due the scrap cost upward movement. Demand is expected to remain steady at a high level in february. Then We think sales to the construction sector will keep stable and healthy.

Rebar committee shows steel scrap price is up until now due to good infrastructure and building activity. It is benefit for Nordic area and the Europe . As the one leader of stainless steel suppliers Cong Shine (Shanghai) metal material .,ltd  will be the first choice for our Europe customers in March 2017 again as the Europe economic improving.

Source: Europe Steel

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