[SMM October 22 scrap stainless Steel spot] Nickel Price falling demand for stainless Steel products weak waste Market Price downward Adjustment

SMM10, 22nd:

304 waste stainless steel side material price down 100 yuan / ton, 10100-10300 yuan / ton; 201 waste price stable, 4350-4450 yuan / ton; 430 waste price 3700-3750 yuan / ton, the price is the same as last week. Traders said that nickel prices continued to fall, stainless steel finished products market demand is weak, the transaction atmosphere is light, waste market prices downward adjustment. A waste buyer said last week that the purchase price of a steel mill was on the low side and that it had not been shipped.

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