The global 304 stainless steel market witnessed mild fluctuations throughout May 2025, with regional dynamics showing divergent pricing trends for cold-rolled coil (CRC), hot-rolled coil (HRC), and scrap.

China, as the world's largest stainless steel producer, saw its 304 stainless steel CRC price drop slightly from ¥13,050/t to ¥13,150/t by mid-May, before stabilizing at that level through the end of the month. HRC rose from ¥12,500/t to ¥12,700/t, reflecting a modest recovery in domestic demand. Scrap prices rebounded from ¥9,600/t to ¥9,850/t, supported by increased procurement activity and seasonal restocking.

For international comparison, using the June 5, 2025 exchange rate of 1 USD = 7.1836 CNY, Chinese prices in USD terms are approximately:

• КПР: ¥13,150/t ≈ $1,831/t

• HRC: ¥12,700/t ≈ $1,768/t

• Лом: ¥9,850/t ≈ $1,371/t

These converted values provide a clearer benchmark for global buyers evaluating sourcing options.

• Тайвань held steady with CRC at $2,080/t and HRC at $1,955/t, indicating relative market calm.
  
  
• Южная Корея maintained CRC at $2,200/t, with HRC remaining marked as “Prime.”
  
  
• Индия’s CRC was fixed at $2,015/t throughout May, after its early-month revision using the updated import calculation formula.
  
  
• Вьетнам и Малайзия reported stable pricing across the board: CRC at $1,700–2,200/t, HRC at $1,670–1,850/t, depending on region and supplier.

• Европа saw CRC prices stay unchanged at €2,680/t, with scrap climbing slightly to €1,310/t.
  
  
• Северная Америка held firm at $2,900/t для CRC и $1,310/t for scrap.
  
  
• Южная Америка reported consistent CRC pricing at 1ТП4Т2,343/т and HRC at 1ТП4Т1,834/т, reflecting stable demand from regional industries.

• Middle East CRC remained unchanged at $1,860/t, indicating neutral supply-demand pressure.
  
  

• Türkiye saw no change, with CRC at $2,320/t.
  
  

• Россия experienced a slight dip in CRC from RUB 275,280/t to RUB 269,470/t (approx. $2,749/t at a rate of ~98 RUB/USD), driven by local currency shifts and export restrictions.

Сайт 304 stainless steel price remained broadly stable across most global regions during May 2025. While China showed mild upticks in HRC and scrap prices, most other markets remained flat, pointing to cautious optimism for June. International buyers are advised to monitor raw material cost fluctuations and currency shifts closely when planning procurement, as localized pricing dynamics and exchange rates will continue to play a key role in sourcing strategies.

Примечание: 
Указанные выше цены относятся к холоднокатаной, холоднокатаной рулонной стали (CRC), холоднокатаной рулонной стали (HRC) или лому нержавеющей стали марки 304. В Китае эталонные цены на нержавеющую сталь основаны на холоднокатаной рулонной стали марки 304 компании Hongwang и холоднокатаной рулонной стали марки 304 компании Tsingshan, которые отражают спотовые цены в Уси (Восточный Китай). Для Индии формула ценообразования выглядит следующим образом: импортная цена = местная цена x 1,085 (тариф TP3T 8,51) + 50 (таможенная пошлина).

The price data and related pictures are sourced from:

• https://www.mysteel.net