Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Subdued Trades in Traditional Low Season, Stainless Steel Prices to Meet Resistance

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

Nov 29, 2021 16:35

Source:SMM

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

Xuzhou suspends all coke plants

All coke plants across Xuzhou city, Jiangsu province, are required to suspend their production this week as the local government intensified its effort in environmental protection, SMM learned.

time

May 7, 2018 13:53

Xuzhou suspends all coke plants

Baosteel settles May manganese buy tender

Baosteel settled its May purchasing price of manganese in a tender at 12,500 yuan/mt delivered, SMM learned.

time

May 4, 2018 15:25

Baosteel settles May manganese buy tender

Steel mills in Xuzhou to suspend for environmental checks

All steel mills in Xuzhou, Jiangsu province were required to be suspended for rectification following a provincial environmental protection inspection, market talk suggested.

time

Apr 11, 2018 09:57

Steel mills in Xuzhou to suspend for environmental checks

Steel mills' operating rates edge up in Jan

The average operating rate at 110 blast furnace-based steel mills across China stood at 85.24% in January, according to SMM research.

time

Feb 9, 2018 15:59

Analysis SMM Insight

Steel mills' operating rates edge up in Jan

Chongqing to Scale Back 3 Million tonnes of Steel Capacity in 2017

Chongqing will eliminate nearly 3 million tonnes of steel capacity at 20 steel mills in 2017, local paper reported.

time

Apr 19, 2017 15:47

Industry Reminder

Chongqing to Scale Back 3 Million tonnes of Steel Capacity in 2017

Ferrous scrap prices drop to 10-year lows in Eastern China

The steel mills in Eastern China region have announced further cut in scrap purchasing prices, mainly on account of falling demand and bearish market sentiment.

time

Oct 26, 2015 18:46

Chinese Steel mills announce cut in ferrous scrap buying prices

Many steel mills in Eastern China have announced sharp cuts in ferrous scrap buying prices. This is on the back of declining rebar prices, sources said.

time

Jun 10, 2015 17:47

US hits record steel imports

The imports to the country, is on the run to capture the highest quantity that the market share has ever acquired, stated Thomas Gibson, the President of American Iron and steel Institute.

time

Jan 23, 2015 10:02

CISA: Iron ore market remains oversupplied, prices to fluctuate near current levels

According to the latest report published by the China Iron and Steel Association (CISA), the iron ore prices are likely to fluctuate around current levels in the upcoming months.

time

Jan 7, 2015 15:29

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.