Stainless steel price keep increasing this week

Heavy Rain shocked the cities

This week, hurricane brings heavy rain, winds to many southern provinces in China, Heavy rainfall has caused waterlogging in several areas. unfortunately, like other factories, our 316L stainless steel seamless pipes factory was drawn too.

In this situation, the price of 316L stainless steel seamless pipes will rebound. That's no a good news for stainless steel pipe supplier. Short-term inventory is difficult to quickly consume due to the impact of heavy rains.

Market price changed

The market price of seamless pipes has risen 70$/ton already, and the price of billet has risen broadly this week. The actual demand for the SS316L stainless steel seamless pipe market is sluggish. However, as the raw material side continues to rise, prices in individual cities have risen broadly, and downstream users have not hoarded Cargo's situation.

Maintenance and production capacity development of steel plant:

Compared with June and July, domestic steel companies including Shagang, Maanshan Iron and Steel, Baowu, and other large and super large steel companies raised their prices. But in terms of scale and duration, regard large-scale blast furnaces of 2000-3000 cubic meters or more have stopped production, it is relatively rare, and the duration of production line maintenance is generally maintained within 10 days, which has little effect on the overall supply.

However, due to environmental protection policy, the Tangshan area still maintains strict production restrictions, but the scope of production restrictions is not large, and the impact is not too great.

Therefore, the short-term domestic supply of SS316L stainless steel seamless pipes will maintain a slight upward trend, the output will still be at a historical high point in the short term.