Round steel price drop has reached 1000 Yuan!

September 22th

Nickel price fell sharply in early trading yesterday, continues to decline after the opening, near 9 points to speed up diving, after the shock downstream. Although there was a reversal after 9 point in the night, the price plummeted after the short selling in the near end, and the price was in a straight dive. The final price was 10720 Yuan/ton, fall down 5.63%, and the market price was still down sharply today.

In fact, today round steel is also the way to go down he price, Tsingshan round steel price fall down 300 Yuan/ton, the material of 304 round steel price is 14000 Yuan/ton, the material of 321 round steel price is 16300 Yuan/ton.

Today price fall down 300 Yuan/ton, from Monday to now, round steel price fall down already 1 thousand Yuan! On Monday Tsingshan 304 round steel price still 14100 Yuan/ton, and now price has fallen to 14000. It is impossible to say that the price of nickel will not fall.

Keyword: stainless steel market, 304 round steel price.