After Chinese New Year, the Chinese stainless stee market meet the first round price falling down, According to the market feedback, even Baosteel and Jiu Steel start to decrease its price. these two mills are considered to be higher price steel manufacturers in China.
According to the professional prediction, more price falling trend will continue.
However, based on previous year trend, there will not be much price space for falling, because the current price almost reached to the lowest looking back to three years record.
Shanghai Yieh United Corporation has already adjusted the price strategy especially for stainless steel sheet. For value added service like No.4 processing, we have adjusted the productine line also try our best to reduce the price for 8K, mirror finished stainless steel sheet and coil.