Manufacturing In 200/300/400 Series Stainless Steel Since 2004. 【Online Catalogs】

The average spot price of # 201cold-rolled stainless steel dropped in February

2023-03-21
Losses of 200-Series Stainless Steel Mills Expanded in February

The average spot price of # 201cold-rolled stainless steel dropped in February, aggravating the losses of stainless steel mills. 
The profit margin of #201 CRC for integrated mills was -2.68% at the end of February, based on intraday raw material prices.

Analysis of Nickel Raw Material Cost Efficiency in Stainless Steel Production

NPI prices fell nearly 100 yuan/mtu in early March, which renew the buying interest stainless steel mills. 
With its supply recovering, stainless steel scrap may still be favoured by stainless steel mills. 
Stainless steel mills will restock pure nickel mostly as needed, which combines with competition from nickel produced with scrap, will keep the market share of pure nickel at a low level in March.

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