07
Jul
12:10
Chinese stainless steel prices fluctuate at half-year lows
Affected by weak demand in the steel market and falling nickel prices, Chinese stainless steel prices have fallen to half-year lows. There are small signs of recovery, but the price rebound appears to be undermined by new Covid-19 outbreaks, Kallanish notes.
On the Shanghai Futures Exchange, the August 2022 stainless steel contract closed at CNY 16,700/tonne ($2,492/t) on Thursday, down 1% on-week and 8.5% on-month. The same contract for nickel closed down 7% on-w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous