Cold-rolled stainless steel price in Asian market remains stable

Although the future situation remains insecure, now cold-rolled stainless steel price in the Asian market is quite stable. Last week, steel factories in several regions maintained the quotation level. Although the nickel price stayed at over US$16,000, China's domestic market continued to adjust the price to a lower place. Some of the local steel factories chose to observe and wait until the market stabilized, announcing no new export quotations at the current moment. Meanwhile, the increasing stock of the actual product market didn't actually stop the mills from sustaining steel prices. As for exports, demands are still healthy enough and the buyers shall drop their orders once the situation becomes clearer.