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Spot prices gained further momentum in the first few days of March, even though the number of infections in China has continued rising, and steel inventories have surged. Fastmarkets price assessment for steel hot-rolled coil (HRC) domestic, ex-whs Eastern China , was at 3,510-3,520 yuan ($506.27-507.72) per tonne on March 5, up 20-30 yuan Free Data For Global Carbon and Stainless Steel PricesOct 02, 2020 · MEPS stainless steel prices are calculated from a weighted average of the low transaction values for all grade 304 stainless steel products in the flat & long categories researched in three regions (EU, Asia, and North America) and converted into US Dollars using currency exchange rates effective at the start of each month.
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The balance is consumed by the alloy steel, nickel-base alloy, foundries, plating and battery industries. The market has seen a succession of surpluses in recent years, leading to price weakness and an accumulation of exchange stocks. Low nickel prices caused a supply-side response, with nickel plants closing worldwide. Steel 2016-2020 Data 2021-2022 Forecast Price Steel futures saw some correction to below 3,900 Yuan/MT in December, following a rally to an 18-month high of 4,258 Yuan/MT in November. Still, continued robust demand from the manufacturing industry in China, the world's top steel producer and consumer, coupled with wider market enthusiasm over a potential coronavirus vaccine is due to keep prices supported.
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