Analysis on the reduction of stainless steel purch
2022-10-24- Detail
According to relevant media reports, due to the decline in nickel prices and according to the spot scrap price, the quotation of stainless steel scrap at TISCO in August was reduced by 2%. The quotation in August decreased by 250 yuan/ton from the previous month to 12250 yuan/ton (1936 dollars/ton). Scrap steel prices have been falling in the past month. A trader said, "Under the current market conditions, it is difficult for stainless steel plants to make money, so they can only try to reduce the purchase cost of raw materials.
according to relevant media reports, due to the decline in nickel prices and according to the spot scrap price, the quotation of stainless steel scrap of TISCO in August was reduced by 2%. The quotation in August was 250 yuan/ton lower than that of the previous month, to 12250 yuan/ton (1936 dollars/ton) 。 Scrap steel prices have been falling in the past month. A trader said that under the current market conditions, plastic flexible packaging is the main utilization field of composite polyurethane adhesive, stainless steel plants are difficult to make money, so they can only try to reduce the purchase cost of raw materials
however, domestic manufacturers of traders are actively expanding production capacity, but are unwilling to sell at such a low price, so it is difficult for buyers and sellers to conclude a deal. As the main spot market in Jiangsu Dainan, the spot price of 304 waste stainless steel was 10900 yuan/ton (excluding 17% value-added tax), down 5% from a month ago and 11500 yuan/ton last month. In addition, TISCO also lowered the purchase price of nickel pig iron in August
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