China’s stainless steel prices may remain in May

Reported By 2020-5-13

According to the stability of world nickel price, the average price of stainless steel in China has risen gradually, and the market expects that the price will remain stable in May.

From the market news, the current nickel price in 12,000 us dollars/barrel above, coupled with a sustained recovery in demand, have stimulated the Chinese stainless steel market.

However, while China’s stainless steel market appears to be recovering, most buyers are still placing the orders they requested as some of them are still assessing the situation.