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Stainless Steel Market: Rising in the First Quarter, Then Falling, and Rebounding in the Second Quarter

Stainless Steel Market: Rising in the First Quarter, Then Falling, and Rebounding in the Second Quarter

In the first quarter, nickel prices in London showed a trend of rising first and then falling, and the domestic stainless steel market prices closely followed the trend of nickel prices. According to relevant industry statistics, in the first quarter, China's crude stainless steel production was approximately 4.4 million tons, a year-on-year increase of 13.6%. The increase in production mainly came from some newly commissioned integrated capacities for nickel iron and stainless steel.

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