Recently, due to the drop in domestic raw material market prices, the transaction volume of imported iron ore and billet markets has improved slightly, while the price of scrap steel is relatively high. The price of S31803 ASTM 304 A240 stainless steel plate is mainly stable, and both supply and demand sides maintain This kind of wait-and-see attitude, although the recent price drop in the market is relatively large, but steel mills and traders still do not have great confidence, especially in the face of problems such as overcapacity and financial pressure, many customers are afraid to take action easily.
Considering the recent market downturn, some have even fallen to the cost area. However, the pressure on the supply of resources in the market has eased in the later period, and some steel mills need to replenish their inventories after the fourth quarter. It is expected that the prices of domestic steel billets and imported ore may increase slightly in the later period. The price of scrap steel mainly fluctuated slightly.
From the perspective of the reasons for the price drop, it is mainly affected by the economic transformation, the weak demand in the terminal real estate market and the decline in the price of raw materials.
From the perspective of the industrial chain, oversupply and changes in the demand for downstream finished steel products have affected the prices of the entire industry.
This year's decline in steel demand has led to a weak and downward trend in steel market prices. In order to maintain operations, many steel mills have to change their procurement mode to on-demand procurement, which has led to a decline in the price of 304 stainless steel strips.
From the feedback from the market, many manufacturers are currently selling at low prices, coupled with the reduction of market resources, but there are also many companies in a wait-and-see state, which makes the decline in steel prices more obvious. In addition to capital and costs, some steel mills Specifications are not complete.
In general, in the near future, the price of the domestic steel market is expected to return to stability, especially with the increase in the demand of interrupted customers to replenish warehouses, the probability of price plummeting is relatively low.