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The Stainless Steel Price Rebounded

The Stainless Steel Price Rebounded

April 14, 2023

Stainless steel is an important raw material for making melamine tableware die. Today, Shunhao Machinery Mould Factory will share the latest stainless steel price trends.


Since the beginning of February this year, stainless steel has fallen to about 2000 yuan / ton, down nearly 15 %. After falling to the low level of nearly two years, it ushered in two consecutive days of continuous rebound. Stainless steel futures rose even more than 3 %. As of April 12, stainless steel plate price of 14150 yuan / ton, a single-day increase of 1.49 %.


stainless steel for melamine die


In all, the news of production reduction has driven the price of stainless steel to rise, but whether the production reduction can really land remains to be verified. Demand did not get a significant boost, the stainless steel rebound. The cost of raw materials to support the price of stainless steel. It is expected that stainless steel prices may still have room to boost, but in the absence of significant improvement in downstream demand, the boost or limited.

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