Some small steel mills, particularly those that majorly produced stainless steel 400 series said that they might face bankruptcy as they are in great deficit. We think that it is time for the market to give a shuffle to eliminat
We heard that some of you are worrying about the shipping becasue of the intense situation in the Taiwan Strait. According to the Shanghai Container Futures Index (SCFI) from August 1st to August 5th, the sea freight
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
