Prices of some products in the stainless steel market rose, downstream enterprises adopted a wait-and-see attitude and made cautious purchases. [SMM Stainless Steel Spot Daily Review]

Published: Mar 27, 2025 17:44

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SMM Stainless Steel Spot Daily Review: Prices of Some Stainless Steel Products Rose, Downstream Enterprises Adopted a Wait-and-See Approach and Procured Cautiously. The SMM survey showed that on March 27, prices of some stainless steel products rose steadily. Market activity was moderate, and trading was flat. The most-traded SS2505 futures contract fluctuated rangebound, with a quote of 13,385 yuan/mt at 10:30 AM, up by 25 yuan/mt. The price fluctuated rangebound within the range of 13,390-13,440 yuan/mt throughout the day. The spot premiums/discounts for 304/2B in Wuxi ranged from 2,185 to 435 yuan/mt.

On March 27, the SMM survey showed that in the stainless steel market, some prices were stable with an upward trend. Market activity was moderate, and trading was flat. The most-traded futures contract SS2505 fluctuated rangebound, and at 10:30 AM, the SS2505 was quoted at 13,385 yuan/mt, up by 25 yuan/mt. The price fluctuated rangebound within the range of 13,390-13,440 yuan throughout the day. The spot premiums/discounts for 304/2B in Wuxi ranged from 2,185 to 435 yuan/mt.

In today's stainless steel spot market, the price of cold-rolled 201/2B coil in Wuxi was 8,000 yuan/mt, and in Foshan, it was 8,025 yuan/mt. The average price of cold-rolled trimmed 304/2B coil in Wuxi was 14,025 yuan/mt, and in Foshan, it was 13,950 yuan/mt. The price of cold-rolled 316L/2B coil in Wuxi was 24,145 yuan/mt, and in Foshan, it was 24,475 yuan/mt. The price of hot-rolled 316L/NO.1 coil in Wuxi was 23,200 yuan/mt, and in Foshan, it was 23,450 yuan/mt. The price of cold-rolled 430/2B coil in Wuxi was 7,500 yuan/mt, and in Foshan, it was 7,475 yuan/mt.

In the future, the stainless steel market price is expected to maintain a rangebound fluctuation trend.

For any inquiries regarding stainless steel, please contact Yang Chaoxing at 021-20707860 or 13585549799 (WeChat same number).

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