Asian stainless steel prices rise

Recent reports indicate that rising nickel prices have pushed up the price of 304/2B 2mm stainless steel coils in East Asia, with current rates now ranging between $2,650 and $2,670 per ton, up from $2,600 to $2,670 per ton previously. In China, steel mills in Taiwan are currently offering the material at around $2,700 per ton, while Korean suppliers are quoting between $2,650 and $2,700 per ton. However, actual transaction prices have stabilized near the lower end of this range, typically settling between $2,650 and $2,660 per ton. Market participants are closely watching the situation, as many expect a further upward trend in stainless steel prices following the Chinese Spring Festival holiday. This anticipation has led to a more optimistic outlook among traders and buyers, with some companies beginning to secure supplies ahead of potential increases. The overall market sentiment has improved, driven by concerns over supply constraints and continued demand from key industries such as construction and manufacturing. Analysts suggest that the combination of higher raw material costs and strong demand could lead to sustained price pressures in the coming weeks. As the global steel market remains volatile, stakeholders are advised to monitor price movements closely and consider long-term procurement strategies to mitigate risks.

Solenoid Valve

Solenoid Valve,Pneumatic Solenoid Valve,Solenoid Pneumatic Valve,Solenoid Valve Pneumatic Actuator

ZHEJIANG KINKO FLUID EQUIPMENT CO.,LTD , https://www.kinkoflow.com