The stainless steel industry rebounded steadily, the trading of ferronickel rose rapidly, and the scrap stainless steel market rose with high expectations.

2023-09-18

On August 22nd, the closing price of the stainless steel main contract was 16075 yuan, an increase of 110 yuan. The spot market for stainless steel shows a positive price sentiment, with the rapid rise in nickel iron trading prices, leading to a significant increase in stainless steel production costs and maintaining high market prices. The steel mills have shown a clear atmosphere of price appreciation, and the futures market has also shown a strong willingness to pull up, with high consolidation being the main focus. Specifically, the quotation for Qingshan 304 stainless steel water is 11100 yuan/ton, and it is expected that the scrap stainless steel market will continue to fluctuate and rise today