Hot rolled stainless steel material prices keep increasing

     The recent price of stainless steel just like a wild horse without reins, which increases abnormally. Last week hot rolled stainless steel is still in the price scale of 11000-11100 yuan/ton, but today 304 hot rolled strip price reached 11900-12000 yuan/ton, an increase of nearly 1000 yuan/ton.

     Today, the market offer is slow and more cautious; many merchants in the market said no stocks, very tangled.

     London nickel aspects, daytime London nickel continued rebound, although slightly decreasing in the early today, but then it went up and down in the black line, and then it hit 9,000, in the sort term, the market risks have been sufficiently released after a sequential decline, coupled with the fed’s rise in interest rates, the short-term fears of the market have weakened significantly, technical point of view, the current London nickel still in a rebound channel island closely resistance at 9,000, if break through the point, then it is expected to continue to rise, if not break, markets are still expected to be at the bottom.

Keyword: 304 Stainless Steel, hot rolling, stainless steel price,