The legal person pointed out that steel prices were positive. In addition to stainless steel, Sinosteel subsidiary Zhonglong’s March H-beam price increased by 900 yuan per metric ton. It is expected that Donggang will follow up. After the increase, the circulating price of H-beam steel is about 2.6 per metric ton. Around ten thousand yuan.

The supervisor of the listed stainless steel plant said that the LME nickel metal market on the London Metal Exchange was in high-end finishing. Although it once fell by US$1,000 per metric ton, it still stood at the US$18,800 range, and the price of nickel remained high. The leading upstream factory, Yee United, March The price of stainless steel 304 products rose by RMB 5,000 per metric ton, and Tang Rong, another upstream manufacturer, followed suit. The downstream processing plant Ye Xing simultaneously raised the stainless steel plate yuan by 5,000 yuan.

Steel mills said that the international iron ore market is firm, and the prices of precious metals such as nickel and copper remain high after the Lunar New Year. In order to reflect the cost, the mills have decided to increase appropriately to keep up with market performance.

The legal person pointed out that the spot price of LME nickel metal was US$19,500 per metric ton, and the price of nickel futures closed at US$19,600. The average price in February fell between US$18,500 and US$18,600 per metric ton, which was still higher than the average price in January. The increase is $700. As nickel only accounts for 8% of stainless steel, but its cost is as high as 50%, nickel prices remain high, laying the foundation for steel mills to increase stainless steel prices. As far as the impact is concerned, the demand for nickel pig iron in the mainland is still strong, the 1.5% laterite nickel ore in the Philippines continues to rise, and the stainless steel market in the mainland has soared for several days. Recently, the main stainless steel distribution markets in Wuxi and Foshan have stabilized and strengthened, and the Taiwan circulation market has benefited upstream Steel mills raised their March price, and stainless steel rose to more than 70,000 yuan per metric ton.