The price of hot-rolled steel in Europe has remained stable. However, recent imports of steel coils have become less competitive in the local market due to the depreciation of the euro, which has increased import costs. Despite this, the higher import cos
According to China Customs, China imported around 158,000 tons of stainless steel in October, up by 32.1% month on month but down by 44.3% year on year. Exports reached around 417,000 tons, a month-on-month drop of 9% and a year-on-year increase of 24%.
In the first ten months of this year, China’s stainless steel imports amounted to approximately 1.6 million tons, a year-on-year decline of 3.9%, while exports totaled 4.1 million tons, a 20.2% increase from the same period a year ago.
In October, China’s stainless steel scrap imports were roughly 8,600 tons, a 67.3% monthly surge but a 77.1% annual drop. From January to October this year, China’s stainless steel scrap imports totaled nearly 81,000 tons, plummeting by 71% year on year.
