Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some cracks in what might otherwise look like a solid recovery. As we transition from Q2 to Q3, some of those cracks have grown significantly. Low Demand in China Affecting Stainless Steel Cost According to a recent report from the Shanghai Metals Market, prices are seeing downward pull due to low demand. Though mills are optimistic that Q3 will bring more orders, warrants remain down thus far. As…
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