Free First Quarter of 2023 in Europe Stainless Steel Round Bar Prices New York

Published date: June 16, 2023
  • Location: New York, New York, NY, United States

In the Asia-Pacific region, the Stainless Steel Round Bar Prices declined in the first quarter of 2023 due to high inventory levels and subdued downstream demand. Market participants reported that both stainless steel and nickel prices fell during this quarter, which eased cost pressure on finished products. Stainless steel mills resumed production after the Chinese New Year holiday, but the increased production resulted in low demand and high inventory. Despite prices falling further in March, they were still higher than spot transaction prices, and buyers were waiting for further price drops. Spot transactions were slow, and overseas demand was weak, making it a difficult quarter for sellers. As a result, the price of the Stainless Steel Round Bar for Ex Dainan settled at USD 2468/MT on March 31.

For more information
E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/stainless-steel-round-bar-1499
Contact No:- +13322586602

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