Stainless Steel Electronic Disk May Contract Rebounds After Decline, Narrowly Rises to End Consecutive Drops [SMM Stainless Steel Spot Daily Review]

On February 19, stainless steel electronic disk May contract edged up slightly, ending the continuous downward trend. Spot prices remained stable. This week, the spot market was in a transitional period, with prices steady. Today, 304 cold-rolled in Wuxi was quoted at 12,950-13,350 yuan/mt, 304 HRC in Wuxi at 12,450-12,600 yuan/mt, 316L cold-rolled in Wuxi at 23,800-24,200 yuan/mt, 201J1 cold-rolled in Wuxi at 7,700-7,800 yuan/mt, and 430 cold-rolled in Wuxi at 7,300-7,450 yuan/mt. At 10:30 a.m., SHFE SS2505 contract price was 13,120 yuan/mt, with Wuxi stainless steel spot premiums at 75-425 yuan/mt. (Spot trimmed edge = mill edge + 170 yuan/mt). Click here to view SMM historical metal spot prices. Click here to view SMM metal industry database.