Between February 5 and 11, 2025, the 304 stainless steel market experienced certain fluctuations. Below is an overview of the prices in major markets during this period:

Mainland China Market:

• Cold-Rolled Coil (CRC):Approximately ¥13,100 per ton (about $1,900 per ton).
• Hot-Rolled Coil (HRC):Approximately ¥12,600 per ton (about $1,800 per ton).
• Scrap Steel:Approximately ¥9,300 per ton (about $1,300 per ton).

Taiwan Market:

• Cold-Rolled Coil (CRC):Approximately $1,875 per ton.
• Hot-Rolled Coil (HRC):Approximately $1,755 per ton.

South Korea Market:

• Cold-Rolled Coil (Prime):Approximately $2,200 per ton.
• Hot-Rolled Coil (GS):Approximately $2,030 per ton.

Vietnam Market:

• Cold-Rolled Coil (CRC):Approximately $1,730 per ton.
• Hot-Rolled Coil (HRC):Approximately $1,680 per ton.

Europe Market:

• Cold-Rolled Coil (CRC):Approximately $2,950 per ton.
• Scrap Steel:Approximately $1,430 per ton.

North America Market:

• Cold-Rolled Coil (CRC):Approximately $2,850 per ton.
• Scrap Steel:Approximately $1,260 per ton.

Exchange Rate Reference:

As of February 17, 2025, the exchange rate is approximately 1 USD = 7.2527 CNY.

Important Notes:

• All prices mentioned above refer to 304-grade stainless steel CRC, HRC, or scrap.
• Chinese stainless steel benchmarks include Hongwang's 304 CRCy Tsingshan's 304 HRC, both reflecting 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).

The above price data is sourced from mysteel