14
Nov
04:08
Chinese stainless producers cut November offers
China's stainless steel market prices have kept falling despite steady deals, Kallanish notes. Traders are avoiding restocking even though inventories are low, amid fear of growing oversupply. Mills and agents therefore have to cut prices to attract more orders.
Tsingshan offered stainless 304 hot-rolled coil at CNY 14,500/tonne ($2,065/t) ex-works in mid-November, down CNY 300/t from offers on 5 November. Its stainless 304 HR narrow…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous