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Lower inventories at end-March unlikely to reverse stainless steel fundamentals
Apr 2,2020 11:27CST
smm insight
Source:SMM
Social inventories of stainless steel in China showed signed of declines at end-March, after the stocks hit the highest level on record last month. However, downstream demand has yet to recover sufficiently to support a sustained slide in the inventories, which may threaten lingering inventory pressure in April that will keep stainless steel prices under pressure. 
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