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Home / Metal News / Facing Supply-Side Pressure, Market Feedback Varies Across Steel Grades [SMM Stainless Steel Spot Daily Review]
Facing Supply-Side Pressure, Market Feedback Varies Across Steel Grades [SMM Stainless Steel Spot Daily Review]
Feb 12, 2025 14:18Source:SMM
[SMM Daily Review of Stainless Steel Spot Market: Facing Supply-Side Pressure, Market Feedback Varies Across Steel Grades] On February 12, stainless steel electronic trading remained at a low level, while spot prices for different steel grades showed varying trends. The price of 201 pulled back, 304 prices remained stable, and 430 prices edged up slightly.
On February 12, stainless steel electronic trading remained at low levels, while spot prices for different steel grades showed varying trends. The price of 201 pulled back, 304 remained stable, and 430 edged up slightly. These differences were mainly attributed to varying inventory pressure and response measures. In Wuxi, 304 cold-rolled was quoted at 12,950-13,350 yuan/mt, 304 HRC at 12,450-12,600 yuan/mt, 316L cold-rolled at 23,800-24,200 yuan/mt, 201J1 cold-rolled at 7,700-7,800 yuan/mt, and 430 cold-rolled at 7,300-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2503 contract was priced at 13,150 yuan/mt, with Wuxi stainless steel spot premiums at -30-370 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).
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