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Home > News > Good prospect with the demand of stainless steel is increasing
Good prospect with the demand of stainless steel is increasing
Form: china steel news     AddTime:2013-9-9 15:20:29    Hits:1399
In the early August, domestic steel factories are announcing to increase the price after the increasing of the Ni, and with the mind of buying on the way up, the dealers are beginning to replenish stock, and that makes the suppliers busying with this. Besides, some of the steel factories are stoping to production for checking and repairing, so that make the market become more serious. However, with the declining of the Ni price in the end of the August and the market resource has got some supplement, the dealers are becoming to wait and see.
Although the USD dollar is increasing recently, the uncertainty of the FRB plans to reduce the influence of stimulus measures leads to a shadow for the metal market prospect, in the meanwhile, with the concern about that Syria may suffer from the war also makes the market declining in the end of August and the transaction of metal is less and less as well as under the pressure of pricing. But on the whole, the world’s economic are recovering and the increasing of American economy is getting well. Besides, the data of European economy are also getting well and with the end of the Summer holiday, they are returning to the market. China’s economy also indicated for improving. All of these factors are making a good influence to the industrial metal. For the production, according to the predicting of appropriate organization, the global stainless steel of crude steel will reach up 36.4 million tons and growth up to 2.9%. Most region’s production will only increase moderately or declining, but the stainless steel production will also make a good increasing and will also increase for more than 7% according to the last year and reach up 17 million tons.
All in all, the prospect of stainless steel will become better and better, but for the specific trend, it still depends on the price of Ni.