SSHRC markets exhibited contrasting regional trends in July xxxx, with German prices declining x.xx due to stable input costs and oversupply pressures, while Chinese SSHRC prices gained x.xx supported by production cuts and selective demand improvements. The divergent performance highlights varying market fundamentals and policy responses affecting global stainless-steel dynamics.
Key Takeaways
-
Germany: SSHRC prices declined x.xx throughout July, influenced by neutral cost drivers and high mill capacity utilization
-
China: SSHRC prices rose x.xx for xxx grades from Shandong, supported by production cuts and automotive demand resilience
-
Production Levels: German mills operated at xx-xxx capacity while Chinese output fell x.xxx month-over-month
-
Feedstock Impact: LME nickel futures rose USD xxx/ton, though German xxx scrap prices declined to €xxx/ton
-
Demand Patterns: German automotive registrations up x.xx while Chinese passenger vehicle sales grew x.xx year-over-year
Germany saw little movement in SSHRC prices whilst the main operating conditions remained stable, with prices...
