From February 26 to March 6, 2025, the global 304 stainless steel market continues to see price fluctuations across different regions.

• China: The price of 304 CRC has risen to 13,200 Yuan/t ($1,816), up 150 Yuan ($21), while HRC increased to 12,750 Yuan/t ($1,754) with the same gain. Scrap prices also saw a 200 Yuan ($27) jump to 9,700 Yuan/t (~$1,335).
  
  
• Taiwan: CRC prices increased by $23to $1,893/t, and HRC rose slightly to $1,763/t (+$13).
  
  
• South Korea: Prime CRC remains stable at $2,195/t, while GS CRC dropped $20to $2,020/t.
  
  
• Vietnam: Prices show moderate increases, with CRC at $1,725/t(+$5) and HRC at $1,679/t (+$4).
  
  
• Thailand: CRC increased by $8to $2,058/t, while HRC remains at $1,840/t.
  
  
• Europe: CRC prices climbed to €2,755/t(+€5), while scrap remained at €1,330/t.
  
  
• North America: CRC prices stand at $2,850/t, while South America recorded $2,343/tfor CRC and $1,834/t for HRC.

Important Notes:

• All prices mentioned above refer to 304-grade stainless steel CRC, HRC, or scrap.
• Chinese stainless steel benchmarks include Hongwang's 304 CRC and Tsingshan's 304 HRC, both of which reflect spot prices in East China's Wuxi.
• For India, prices are calculated as:import price = local price x 1.085 (8.5% tariff) + 50 (clearance fee).
• Conversions are based on an exchange rate of 1 USD = 7.2656 CNY as of March 5, 2025.

The above price data is sourced from

• https://www.mysteel.net