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In the summer of 2020, the market price trend of 304 stainless steel belts in China remained stable.

Sep 17, 2020

Although affected by the epidemic in the first half of this year, the development of many industries has fallen into difficulties. However, with the stability of the epidemic and the influence of "micro-stimulation", many industries have developed steadily and the macro-economy has shown a trend of stabilizing and improving, in this case, the market price trend of 304 stainless steel strip remained stable in the summer of 2020.


In the summer of 2020, the market price trend of 304 stainless steel strip remained stable.


Although the overall profit of the industry was relatively good in May and June, the production of steel mills showed differentiation, and some state-owned steel mills with repeated funds were in full-load production, however, some private steel mills are limited by funds and their output shrinks. Some enterprises have the original inspiration to the problem of broken capital chain and their production capacity cannot be restarted normally. This has happened in many regions in China, therefore, the supply in some areas decreases, which brings great fluctuation to the market price trend of 304 stainless steel belt.


In August and may, what is the market trend of 304 stainless steel strip? During this period of time, due to the increase of unstable factors of peripheral economy, domestic exports have an impact, and the domestic crude steel output has been in high difficulty.


The effect of "micro-stimulation" declined and the pressure of supply and demand in the steel market increased, which led to the weak market price trend of 304 stainless steel strip, because August and may itself were the off season of steel market trading, therefore, this kind of price weakness will remain for a period of time. Even if a small number of categories and periods show price rebound, the overall price trend still cannot be changed.


At present, the arrival of resources in North China is sufficient, but the shipment lifeline is slowing down, and the shipment volume in East China will obviously increase.