Tag: China stainless market
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China: Stainless long products market softens, raw material under pressure
NPI prices soften as stainless steel demand remains weak. Inventory overhang restricts any near-term stainless price recovery. SteelDaily: China’s stainless steel long products market continued to soften amid weak downstream consumption in fasteners, machinery, and fabrication sectors. Despite a slight improvement in sentiment, actual order volumes remained muted, keeping price movement limited. Mills undergoing scheduled…