China’s stainless steel prices rise on higher raw material costs.Price tags for flat-rolled and plate steel products have continued to move upward, setting new record highs week after week. Moving up along with steel prices are the anxiety levels of fabricators and manufacturers who must pay unprecedented prices for their raw materials.
When COVID hit last spring, much of the economy shut down to stop the spread of the virus. Today, a year after the pandemic began, steel demand continues to outpace supplies.In this case,stainless steel product cost will increase accordingly.