According to Mysteel research, February 2023 domestic new caliber domestic 41 stainless steel plants (including the new steel plant TISCO Xinhai) crude steel row production of 2.968 million tons, a 21.8% month-on-month increase.

In February, steel mills have been resuming production increases, just the recovery of production capacity makes the overall production slowly pick up, the supply continues to increase. After the downstream stage purchase, the market is more concerned about the next can continue to depot, if the demand performance is lower than expected, the market outlook for stainless steel prices will tend to be pessimistic.

At present, stainless steel is still in high production, high inventory and low profit stage, but the raw material prices are firm for stainless steel to provide bottom support, stainless steel prices are less likely to plunge, need to continue to focus on the downstream consumption start-up situation, the short-term is expected to maintain the shock adjustment.