Last december our government annouced covid-19 policy has been relaxed. In the early of 2030 international capitals start investing China's and money forwards to construction and commodity areas mainly. For example, Iron and nickel price rises significantly.
Exporting Situation
In January 2023, the domestic stainless steel net export volume was about 214,500 tons, an increase of 39.56% month-on-month and 1156.02% year-on-year.
The net export volume in February was about 65,700 tons, a decrease of 69.39% from Ferbuary.
Importing Situation
In January 2023, the domestic stainless steel export volume was about 364,900 tons, a decrease of 6.57% from the previous month and a decrease of 8.93% from the same period last year.
The export volume in February was about 252,900 tons (a new low since July 2020), a decrease of 30.69% month-on-month; a decrease of 10.22% year-on-year.
Top 5 Importing Areas Situation from China
Indonesia: 75%
Korea: 11%
Japan: 6%
China Taiwan：2%
Swisse： 1%
Others：5%
Top 5 Importing Areas Situation from China
Turkiye: 13%
Korea: 14%
Russia: 9%
China Taiwan：4%
India：13%
Summary
From January to February 2023, the cumulative domestic import of stainless steel from Indonesia was about 253,100 tons, a year-on-year decrease of 365,100 tons, or 59.06%. Among them, the cumulative amount of hot rolling was about 7,300 tons, a year-on-year decrease of 22,000 tons, a decrease of 75.09%; the cumulative amount of cold rolling was about 169,300 tons, a year-on-year decrease of 38,200 tons, a decrease of 18.41%; the cumulative amount of slab was about 5,800 tons, a year-on-year decrease 74,000 tons, a decrease of 92.79%
Coming Marketing Situation Judgement
200 series: Local mills united support price but it might drop 30$ again as we expected.
300 series: 304 mills are fighting with price bettle. It towards to falling trend as we expected.
400 series: Coming market price stable as it c
Post time: Feb-14-2023
