It seems that the world economy is in a strange loop. China's manufacturing PMI in July was 49%, declined by 1.2% from June, returning down below 50%, showing a contractionary tendency in the manufacturing industry. The S&
The U.S. Federal Reserve surprised no one by lifting rates 75 basis points (bps) to 2.25-2.5% on Wednesday, but did alter its statement to cite some softening in recent data. On July 28th, the most-traded contract of stain
The most worrying is when will the prices of stainless steel stop decreasing. Last week, the stainless steel prices mostly decreased. Although we believe that when China's domestic demand recovers (which is actually happenin
Haven't seen a rebound in China's stainless steel prices for a long time. Last week, the average price of stainless steel 201 J1 and J5 increased and stainless steel 304 also rebounded. This is a good sign for th
Some people think that China's stainless steel market is getting hopeful now because more steel mills are taking action against the stacking inventory and sluggish demand by seizing or reducing production. Somehow,
