As the market expected, Asian stainless steel cold rolled coil price finally stabilized after hitting a two-year low with the improvement in the stainless steel market in China.
The Chinese stainless steel market, which has been on the decrease for some time, has finally shown a deep recovery trend. A sharp increase was seen in the prices of 304 cold rolled steel within a week.
While China's stainless steel market improved, Asian cold rolled stainless steel also stopped the decrease. However, demand in China remains weak. Market participants believe that short-term Asian stainless steel cold rolled coil prices may be volatile.
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