Buyers retreat from Chinese stainless market; flat product exports fall

Mar 22, 2013 | 10:47 AM | None

Tags  China stainless, stainless steel, stainless sales, stainless inventories, stainless exports, stainless flat products, stainless demand

SHANGHAI — Stainless steel market participants in China’s stainless steel hub of Wuxi, located some 87 miles from Shanghai, are relatively downbeat amid a lull in the market following a modest round of buying after the Chinese New Year.

While sales to end-users starting in late February have been reported as reasonably good, prices have fallen slightly and stocks in Wuxi are starting to rise again.

While demand from some sectors—notably elevator producers, construction and manufacturing—has picked up, customers in these areas are buying cautiously, market participants said.....

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