China’s stainless steel prices rose from June to August

July 2017, China’s stainless steel market successfully expand the scale of profits, steel profits surged to 1,000 yuan / ton.

As a result, China’s steel industry received more orders in July and August, with monthly production expected to be 2 million tonnes. Over the past three months, China’s stainless steel prices have finally risen in June.

However, due to LME nickel prices rose sharply on Friday, steel mills have to sell, China’s stainless steel prices began to rise in a new round of prices. For example, TISCO, its 304 CR products increased by 600 yuan / ton, July 15 to close at 14,900 yuan / ton.

In addition, other related steel mills were raised from 200 yuan / ton to 500 yuan / ton. July 14, some large steel dealers are still selling products, traders are reluctant to buy, but LME nickel prices crazy rise in China’s stainless steel prices.

Now, most private mills have reached their maximum production capacity in August, and future orders will be arranged by the end of August or early September.

By Kaysuns.com