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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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March 2017 | Stainless Steels


End-use demand failing to meet high expectations: Asian Highlights


The decline in CR exports in January arguably had more to do with price competitiveness of Chinese exports in the key Asian markets.

China’s stainless exports seem destined to rise

Customs updates earlier this month confirmed that, as with finished steel in general, Chinese stainless exports also declined in January. On a year-on-year basis, total long and flat products exports, excluding tubular goods, fell by 4% year-on-year. The pattern was driven by the dearth in stainless cold-rolled (CR) flat products, which slipped by 11%. A reduction in CR exports has not been so surprising, given the plethora of anti-dumping cases in key import markets for Chinese suppliers, such as the EU and USA, but this is unlikely to be the sole cause of decline in our opinion. After all, and as the chart shows below, China’s stainless exports rose by 16% and CR flat-rolled exports specifically rose by 13% last year, despite various trade measures elsewhere. It was only long products exports,...

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