304 Stainless Steel Global Prices – March 26, 2025
From March 18 to March 26, 2025, the global market for 304-grade stainless steel continues to experience fluctuations, influenced by demand, production costs, and regional economic conditions. The latest price trends show varying movements across different regions for Cold Rolled Coil (CRC), Hot Rolled Coil (HRC), and Scrap.

Regional Price Analysis
Chinese Mainland
CRC: 13,600 Yuan/t (Stable) (≈ $1,900 based on exchange rate 1 USD = 7.16 CNY)
HRC: 13,050 Yuan/t (Down by 50 Yuan) (≈ $1,823)
Scrap: 10,100 Yuan/t (Down by 100 Yuan) (≈ $1,411)
The price stability in CRC reflects steady demand, while HRC and scrap prices show slight declines.
Taiwan
CRC: $1,985/t (Up by $20)
HRC: $1,863/t (Up by $14)
Taiwan’s incremental increase suggests a positive market sentiment and a gradual price recovery.
South Korea
CRC:
Prime: $2,430/t (Up by $40)
GS: $2,165/t (Up by $40)
South Korea maintains a competitive pricing structure with an upward trend.
Vietnam
CRC: $1,835/t (Up by $15)
HRC: $1,759/t (Up by $21)
The Vietnamese market sees steady growth, driven by increased industrial demand.
Malaysia
CRC: $2,270/t (Up by $20)
HRC: $1,960/t (Up by $30)
Growth in Malaysia is aligned with broader Southeast Asian trends.
Thailand
CRC: $2,140/t (Up by $40)
HRC: $1,950/t (Up by $20)
Thailand’s market continues to grow, reflecting strong domestic and export demands.
India
CRC: $2,015/t (Stable)
Indian prices are impacted by import duties, calculated as: local price × 1.085 (8.5% tariff) + $50 clearance fee.
Middle East
CRC: $1,900/t (Stable)
The region remains steady with no significant price fluctuations.
Turkiye
CRC: $2,370/t (Up by $20)
A slight increase indicates moderate market growth.
Europe
CRC: €2,600/t (Stable) (≈ $2,812 based on exchange rate 1 EUR = 1.08 USD)
Scrap: €1,290/t (Up by €40) (≈ $1,393)
European markets remain stable with minor increases in scrap prices.
North America
CRC: $2,870/t (Up by $20)
Scrap: $1,310/t (Up by $30)
North American prices remain strong, reflecting a resilient market.
South America
CRC: $2,343/t (Stable)
HRC: $1,834/t (Stable)
No significant price changes indicate a balanced market.
Russia
CRC: 293,980 RUB/t (Stable) (≈ $3,140 based on exchange rate 1 USD = 93.6 RUB)
HRC: 261,920 RUB/t (Down by 2,150 RUB) (≈ $2,798)
Russia sees a significant drop in HRC prices, potentially due to local market dynamics.
Die wichtigsten Erkenntnisse
Stable Growth: The global 304 stainless steel market remains largely stable, with minor upward trends in most regions.
Asia Leading: Asian markets, particularly South Korea, Thailand, and Vietnam, show consistent price increases.
Scrap Price Variability: Scrap prices fluctuate across different regions, with notable increases in Europe and North America.
Note:
The prices listed above pertain to 304-grade stainless steel CRC, HRC, or scrap. In China, stainless steel benchmarks are based on Hongwang's 304 CRC and Tsingshan's 304 HRC, which reflect the spot prices in Wuxi, East China. For India, the pricing formula is: import price = local price x 1.085 (8.5% tariff) + 50 (clearance fee).
The price data is sourced from: