Subdued Trades in Traditional Low Season, Stainless Steel Prices to Meet Resistance

Published: Nov 29, 2021 16:35

Save

The steel mills lowered their guide prices early last week, depressing the spot market and growing market pessimism.

SHANGHAI, Nov 29 (SMM) - The steel mills lowered their guide prices early last week, depressing the spot market and growing market pessimism.

The trades were poor. But as SS contract prices rose and steel mills raised their quotes, the spot market received a boost. However, the downstream purchases failed to pick up. The consumption has slid due to the traditional off season. This, combined with the holiday factor, will reduce the shipments. Meanwhile, the recovery in stainless steel production will weigh on the market. The stainless steel prices are expected to remain weak.

steel mills stainless steel contract

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

59 mins ago

Long-Term Contract Prices Raised in the First Half of March by a Tungsten Company in Guangdong

[Tungsten Industry Long-Term Contract Information] SMM, March 10: It is reported that a tungsten company in Guangdong released the long-term contract prices for the first half of March. The unit price of black tungsten concentrate with a grade above 55% was 955,000 yuan/standard tonne (65%WO3 basis), up by 225,000 yuan/standard tonne (65%WO3 basis) from the second half of February. The unit price of scheelite concentrate with a grade above 55% was 954,000 yuan/standard tonne (65%WO3 basis), up by 225,000 yuan/standard tonne (65%WO3 basis) from the second half of February. The unit price of ammonium paratungstate was 1,410,000 yuan/mt, up by 340,000 yuan/mt from the second half of February. Note: The above prices all include 13% VAT.

59 mins ago

4 hours ago

Tender for Negotiated Procurement of Projects Such as Ferrotitanium

4 hours ago

Mar 5, 2026 17:55

Ganzhou Tungsten Association Significantly Raises Its March 2026 Tungsten Market Forecast Price

[Tungsten Industry News Flash] SMM, March 5: Ganzhou Tungsten Association’s forecast tungsten market prices for March 2026: 55% black tungsten ore concentrate at 900,000 yuan/standard tonne (65%WO3 basis), up 230,000 yuan/standard tonne MoM from February; ammonium paratungstate at 1.33 million yuan/mt, up 360,000 yuan/mt MoM; medium-grain tungsten powder at 2,200 yuan/kg, up 570 yuan/kg MoM.

Mar 5, 2026 17:55