India discussed the imposition of anti-dumping duties on Chinese stainless steel products, Qingshan raised the price of round steel in September-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1, nickel: on August 29, London nickel closed at $20,683, down $112, or 0.54%; Shanghai Nickel 2310 latest price 165280 yuan, down 850 yuan, down 0.51%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9300 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 285,500 yuan/ton, up 100 yuan.
2, stainless steel SS2310 latest price 15725 yuan, up 5 yuan, an increase of 0.03%; The open position was 95,600 lots and the volume was 87,669 lots.
3, Wenzhou scrap stainless steel market quote:
On August 30, Wenzhou waste stainless steel market quotation: 201 non-film material 6050,304 industrial material 109100,316 industrial material 20600,430 non-film material 4400. Unit: Yuan/ton, note: 304, 316 to Fujian price plus 100 yuan/ton.
Second, Wuxi stainless steel coil reference price
1, TISCO hot rolling guide price:
300 hot rolling series: 304/NO.1 16600 yuan/ton; 17700 yuan/ton of 321/ NO.1; 28,900 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 17100 yuan/ton, 321 material 21500 yuan/ton, 316L material 31900 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 15100 yuan/ton, 14mm 15300 yuan/ton; 15800 yuan/ton for 16mm;
S31603 material 4-12mm 27500 yuan/ton, 14mm 27900 yuan/ton; 28,400 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 36500 yuan/ton, 5-12mm 35600 yuan/ton, 14mm 36700 yuan/ton.
3, Dongte 2205 hot rolled 29000 yuan/ton.
4, Qingshan hot rolling: 304 material 15000 yuan/ton;
5, Zhangpu guide price: 304 material 15,900 yuan/ton, 321 hot rolled 18,500 yuan/ton; 316L hot rolling 28,200 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 September price] S30400 material 15,600 yuan/ton, 316L material 27400 yuan/ton, TP321 material 18,500 yuan/ton, 321 material 17,300 yuan/ton. 304 round steel price +800,316L series round steel price +1000,321 series round steel price +900.
2, 【 Delong round steel ￠65-130】S30400 material 15,500 yuan/ton, 316L material 27200 yuan/ton seal.
3, [Yongxing bar ￠65-130] 304 material 18000 yuan/ton, TP321 material 20800 yuan/ton, 316L material 32000 yuan/ton, 316LGB material 35600 yuan/ton, S22053 material 34,500 yuan/ton.
4. 【 Fukai Market price 】 :
1), 2205 material ￠65-130 round steel 30400 yuan/ton; 2205 material continuous casting billet - 170-250 29600 yuan/ton;
2), TP316L continuous casting billet - 150-250:27800 yuan/ton; 3), NO8810 electroslag ingot ￠360-900:72000 yuan/ton;
4), NO8825 electroslag ingot ￠360-900:108000 yuan/ton; 5), 17-4 electroslag ingot ￠360-900:22,000 yuan/ton;
6), 625 vacuum electroslag ingot ￠360-900:226000 yuan/ton; 7), 6600 vacuum electroslag ingot - 360-900:171000 yuan/ton;
8), C-276 vacuum electroslag ingot ￠360-900:247000 yuan/ton; 9), 718 vacuum electroslag ingot ￠360-900:195,000 yuan/ton;
10), Jiangyin Hanzhou 2205/F60 material 29900 yuan/ton, 2507 material /F53 material 38500 yuan/ton, 630/17-4PH material 18000 yuan/ton.
11), Wuxi Puheng Forging round 304L material 17100 yuan/ton of 140-250, 17300 yuan/ton of 260-400; 316L material - 29400 yuan/ton of 140-250, 29600 yuan/ton of 260-400.
5, 【 Zhejiang Benji pipe reference price 】
Stainless steel seamless pipe 30408 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 28.9 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 44.1 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 33.4 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 21.5 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 35.9 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery - 28.1 yuan /kg.
Iv. Statistical Data:
According to Mysteel:
As of August 25, a total of 28,150 tons of domestic stainless steel in transit, a total of 10 ships, a reduction of 22,500 tons from the previous period, from Fujian port 18,150 tons, from Jiangsu port 10,000 tons. From August 18 to August 25, the total amount of stainless steel discharged from domestic trade to the port was 100,770 tons, which was 25,349 tons less than the previous period; Foshan 49,315 tons, 1351 tons less than the previous period; Wuxi 51,455 tons, 23,998 tons less than the previous period; 85,870 tons from Fujian port and 14,900 tons from Jiangsu port. (Jiangsu steel factory shipments to Wuxi mostly use boats or motor transport, not within the scope of monitoring)
5. Market analysis
1, ferro molybdenum: the mainstream price of ferro molybdenum is 28.3-286,000 yuan/ton.
2. Ferrochrome:
Upstream chrome mine port resources continue to decrease, and in the middle of the week no ships to the port, spot supply tension may increase, the traders are keen to sell, so although the price of ferrochrome has risen recently, but the production cost has also risen, the factory profit situation has not improved significantly, is still looking forward to rising mentality, it is expected that the ferrochrome market to maintain a strong trend of operation.
3, stainless steel:
Jiangsu Lonuo stainless steel pipe project with a total investment of 3.2 billion yuan is a major industrial project in Jiawang District, with a total of 8 production lines, which have all the production conditions and can produce 200,000 tons of stainless steel pipe annually after full operation.
A senior inter-ministerial committee of the Indian government is holding a series of meetings to discuss the imposition of anti-dumping duties on imports from China, including stainless steel, as well as a review of Indias trade deficit with the country, government sources said recently. An official from the Prime Ministers Office will chair the committee, which is made up of representatives from the ministries of Steel, Finance, Commerce and Industry, sources said. Proposals to impose anti-dumping duties on imports from China, including the Steel Ministrys proposal to impose anti-dumping duties on imports of stainless steel, and the DGTRs proposal to extend anti-dumping duties on steel wheels for five years, are on the committees agenda, the sources said. They noted that Indias trade deficit with China increased to $77.6 billion in 2022-23 from $72.9 billion in the previous year.
304 stainless steel is in a pattern of high realistic supply, weak realistic demand, increasing expected supply, good expected demand, and large inventory pressure. From July to August, 300 series stainless steel production is at a high level, while the terminal consumption performance is general, nickel-iron and stainless steel are in a state of continuous expansion and excess capacity, although the recent speculation caused by the Indonesian mining end of the price center of the industrial chain upward, but after the price rise, the profit situation of the industrial chain is significantly improved, and the current does not affect the actual production of stainless steel, stainless steel social inventory continues to rise. Spot market sales pressure is increasing, making stainless steel prices limited upward space, even if there is still a late consumption season and policy expectations of support, stainless steel prices should not be too high, it is recommended to wait and see.

Zhejiang Benji Stainless Steel Co., Ltd.,