Stainless Steel Market Summary in China || All grades of stainless steel rise in price.
:  : Sep 23,2022

Perhaps, it is time to confirm your purchase from China. For one, stainless steel prices have been stably rising in China. Second, sea freight is decreasing. Third, the Chinese New Year of 2023 falls earlier, on January 22nd. It means that most of the steel mills will start their holiday in late December, about three months later. Some people might still have concerns because the demand remains gloomy. Besides, the global economy is volatile and we don't think this will be settled down in the short term. The US CPI increases in August, which also worries people if the Fed to raise the interest rate. But in China, the governmental measures are showing some recoveries in the manufacturing industry as the investment in fixed assets rises in August though the real estate remains weak.