Ultra-low cost resources, the stainless steel market bearish still exists

The high atmosphere of the market has caused a lot of merchants to be in a disorderly direction, the stainless steel market is following the herd.

In the new future, with the recent 304 Stainless Steel price decline,  cheap market resources are constantly appearing. Today, ,merchants are rumored to have a price of 13100 Yuan/ton for private stainless steel. Compared withe the mainstream price of 13400 Yuan/ton this morning, the price is almost 300 Yuan/ton, while the TISCO steel resources of the company have a small shipment of 13600 slit edge.

From today's business feedback, transaction is not optimistic, the basic consensus is that prices will continue to decline, but the stainless steel cuts may be slow. At present, the main support of the stainless steel cold rolling market is the low stock, and the stainless steel factory mills support prices and offer the confidence to the market.

Keyword: stainless steel market, stainless steel price, 304 Stainless Steel price, stainless steel cold rolled, cold rolled market.