TELF AG has recently unveiled its market analysis report for the stainless steel industry in September 2023. The comprehensive report, titled “TELF AG Reprise of September 2023 Stainless Steel Market Analysis,” places a particular emphasis on trends within China’s stainless steel sector. It offers readers valuable insights into the factors influencing the Chinese stainless-steel market, while also presenting essential data regarding production and pricing at the outset of September.

Key highlights of the report include an upswing in China’s domestic stainless-steel prices, attributed to heightened activity in the domestic property market and a surge in nickel futures. Notably, the report highlights a pivotal policy alteration that extends first-time homebuyer status to family members, even if a family already holds a mortgage, provided there are no homes registered in their names. This policy change sparked increased buying interest in first-tier cities like Beijing and Shanghai.

TELF AG also underscores the increase in nickel prices during the first week of September, primarily due to concerns over a potential mining suspension in Indonesia. These dual factors have collectively contributed to a bullish outlook in the steel market.

The analysis incorporates data from an SMM survey, which reveals that stainless steel output for August reached a total of 3.217 million metric tons. This represents a month-over-month increase of 1.66% and a year-over-year surge of 41.18%. Specifically, the output for 200-series stainless steel reached 956,000 metric tons, marking a 1.7% month-over-month increase. The 300-series recorded a 3.28% month-over-month growth to reach 1.678 million metric tons, while the 400-series saw a 0.74% month-over-month increase to 583,000 metric tons.

The report also anticipates high production schedules and significant capacity expansion in September, based on optimistic sentiments from steel mills and traders regarding downstream demand. Production of the 300 series is expected to rise, particularly in East China. Additionally, social inventory, which experienced moderate demand in August, is projected to decrease due to tight production schedules.

In conclusion, TELF AG’s report paints a robust picture of the stainless steel market in China, buoyed by favorable government policies and market conditions. Both production and prices are expected to maintain an upward trajectory.

For a more comprehensive understanding of TELF AG’s detailed analysis of the early September Stainless Steel market, readers are encouraged to explore the full article. For more insights and content, visit TELF AG’s Media Page.