Tag: Chinese Stainless Steel

China: Stainless steel hits new high amid limited production, rising raw material costs

Sep 17, 2021

—

by

Ankita Chakraborty

in Ferro Chrome

The domestic energy consumption policy of “dual control”, resulted in limited production and limited electricity resulting in an up-trend of stainless steel. In early trading on Thursday (16 Sept’21), the main stainless-steel contract closed its daily limit, with an increase of 6.98%, and the current price rose to RMB 20,680/t ($3,212/t), a new record high…