Stainless Steel Inventory Declines, Market Pressure Slightly Eases [SMM Analysis]

Published: Mar 6, 2025 19:06

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[SMM Analysis: Stainless Steel Inventory Declines, Market Pressure Slightly Eases] SMM data shows that from February 27 to March 6, 2025, the weekly inventory in the Wuxi and Foshan stainless steel markets experienced some fluctuations. Overall inventory decreased to 1.0054 million mt, down 0.49% WoW. Performance across different series varied in the two regions: in Wuxi, the inventory of 200-series and 400-series decreased, while 300-series increased; in Foshan, the inventory of 200-series and 300-series decreased, while 400-series increased.

March 6, 2025—

During February 28 to March 6, 2025, inventories across all series in the Wuxi and Foshan stainless steel markets experienced varying degrees of change, with total inventory rising to 1.0054 million mt, down 0.49% WoW. Market inventory pressure slightly eased.

By region and series, in the Wuxi market, 200-series inventory decreased from 110,700 mt to 103,700 mt, down 6.32% WoW, possibly due to a phased release of downstream demand; 300-series inventory increased from 373,400 mt to 377,800 mt, up 1.18% WoW, reflecting continued supply-side input; 400-series inventory fell from 95,200 mt to 91,800 mt, down 3.57% WoW. In the Foshan market, 200-series inventory rose from 172,000 mt to 176,800 mt, up 2.79% WoW; 300-series inventory dropped from 210,000 mt to 205,400 mt, down 2.19% WoW; 400-series inventory increased from 49,100 mt to 49,900 mt, up 1.63% WoW.

Overall inventories in the Wuxi and Foshan markets, as well as 300-series cold-rolled inventory, have been fluctuating over the long term. The changes in this week's data were influenced not only by short-term supply and demand adjustments but also by the long-term development trends of the industry.

Demand is expected to rebound in mid-to-late March, potentially alleviating inventory pressure.

》Click to View Historical SMM Stainless Steel Spot Prices

》Click to View the SMM Stainless Steel Industry Chain Database

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.

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