[SMM Stainless Steel Flash] SEA Mills Suspend Offers as Surging Futures Strengthen Cost Support

Published: Apr 27, 2026 11:11

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Driven by a sharp rally in LME nickel and Chinese stainless steel futures, multiple stainless steel cold-rolling mills in Southeast Asia have suspended offers today. According to SMM research, the strong performance in futures markets has significantly boosted sentiment in the raw material segment, reinforcing expectations of a higher cost floor. Amid intense market volatility, Southeast Asian producers are adopting a wait-and-see stance, withholding quotations until clearer price signals emerge for future adjustments.

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