From February 18 to 25, 2025, the 304 stainless steel market saw some fluctuations. Below is a summary of prices in major markets.

1. Mainland China Market

• Cold-Rolled Coil (CRC):13,050 yuan/ton (up 50 yuan)
• Hot-Rolled Coil (HRC):12,600 yuan/ton (up 50 yuan)
• Scrap Steel:9,500 yuan/ton (up 100 yuan)

2. Asian Markets

• Taiwan:CRC $1,870/ton, HRC $1,750/ton
• South Korea:CRC (Prime) $2,195/ton, CRC (GS) $2,040/ton
• Vietnam:CRC $1,720/ton, HRC $1,675/ton
• Malaysia:CRC $2,200/ton, HRC $1,850/ton
• Thailand:CRC $2,050/ton, HRC $1,840/ton
• India:CRC $1,960/ton

3. Middle East and Turkey Markets

• Middle East:CRC $1,820/ton
• Turkey:CRC $2,160/ton

4. European Market

• Cold-Rolled Coil (CRC):2,750 euros/ton
• Scrap Steel:1,330 euros/ton

5. Americas Markets

• North America:CRC $2,850/ton, Scrap Steel $1,260/ton
• South America:CRC $2,343/ton, HRC $1,834/ton

As of February 28, 2025, the price of 304 cold-rolled stainless steel coil was approximately 13,180 yuan per ton, an increase of 40 yuan per ton compared to the previous day.

Looking ahead to March 2025, market analysts expect the price of 304 stainless steel to fluctuate between 12,000 and 15,000 yuan per ton.

The anticipated demand rebound may drive prices up, but the potentially relaxed supply-demand balance could limit the extent of price increases.

Overall, the 304 stainless steel market in March 2025 is likely to experience a fluctuating trend, with prices oscillating between 12,000 and 15,000 yuan per ton. Key influencing factors will include supply-demand dynamics and raw material costs.

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

• https://www.mysteel.net
• hq.smm.cn
• finance.sina.com.cn