Global stainless steel market warming up

Latest reports indicate that the global stainless steel market is showing signs of warming up as several regions in Asia, including Taiwan, have increased their stainless steel prices in response to the recent pickup in China’s market. This positive momentum is expected to expand to the European and North American markets in the near future.

Spot market prices for stainless steel in China, as well as Shanghai Futures Exchange (SHFE) stainless futures, have been rising for several days, and nickel prices in both Europe and Asia have also increased, indicating a gradually stronger price tendency in the global markets. Taiwan’s stainless steel prices have followed suit with the prices rebounding in China.

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