China's domestic stainless steel market has been characterized by a soft trend during the past week. Local stainless steel prices in China can be viewed in the SteelOrbis price reports section.
Domestic mills have released their stainless steel quotations for March, with most prices remaining stable and with a few mills raising their prices for certain products in the hope of providing support for the market. Traders are generally standing back and observing the market. Pressure from market inventory has started to increase, while downstream demand has remained sluggish. It is expected that China's stainless steel market will vary between stability and slight softness during the coming seven days.