The continous rising trend makes stainless steel slightly prosperous,it is just that the 400 series has been a little underperforming lately.The main 430 has not been in a bullish mood recently,steel mill prices have stagnated,shortage of goods is not enough to support the spot price step by step pull up.Cold rolled price in Wuxi market remains 7350 yuan per MT.In the rising trend of the stainless steel price,many products of 400 series prices changes very small.
The main reason is the global economic stagnation caused by the Covid-19 this year and the poor situation of downstream orders.
