According to the report of the French International Radio website on June 23, just before this, the United States also expressed its desire to take strong sanctions against the issue of external dumping of stainless steel in China.
Prior to this, when Chinese Premier Li Keqiang met with German Chancellor Angela Merkel after a meeting with reporters, Merkel said that the impact of the excess stainless steel production capacity in China on the global stainless steel industry has caused "very heated discussions" in Europe. glenflange
Ma Guanghui said that the supply and demand situation is still affecting the trend of stainless steel prices. According to statistics from the China Iron and Steel Association, stainless steel stocks of key stainless steel enterprises at the end of June were 14.9026 million tons, an increase of 1.7% from the end of the previous ten-year period and an increase of 2.8% from the same period of last month. In addition, as of June 23, Lange stainless steel cloud business platform survey of the country's 100 small and medium-sized stainless steel companies volumetric blast furnace operating rate was 87.43%, a rebound of 6.79 percentage points from the previous period. Pressure on the supply side will continue to increase during the latter period. From the perspective of demand, the traditional off-season has come. Statistics from the CEC show that from January to May, the country’s electricity consumption in the manufacturing industry was 1,185,200 billion kWh, which was a year-on-year decline of 0.5%, and the growth rate was down by 0.4% from the same period of last year. Due to the high supply, low demand, and short-term news, Ng Guanghui believes that this week's stainless steel prices are likely to fall, and stainless steel prices will be hard to change. 90 deg SR elbow