Is it hard to get a deal? The stainless steel market is slightly frazzled

August 2rd

On August 2nd the Foshan market news, in the morning, the offer of a steel plant is firm, Lianzhong/Hongwang price 9100 Yuan/ton, Chengde rotary header. The market of Lianzhong 8850 Yuan/ton, Hongwang/Chengde/Bao steel prpice 8900-8950 Yuan/ton, clinch a deal the price 8800 Yuan/ton.

In the afternoon, the price has again small volatility, Lianzhong some of price fall down 50 Yuan/ton, price 8800 Yuan/ton. The agency said it was difficult to get a deal because steel mills had been receiving high costs and not willing to go too low.

Keyword: 201 stainless steel, stainless steel price, stainless steel market.