The price of 316L stainless steel plates is likely to remain in a state of stable high levels.

June 3, 2026 Company News
The price of 316L stainless steel plates is likely to remain in a state of stable high levels.

From the specific performance, in the building materials sector: At the beginning of the week, driven by the price increase of 316L stainless steel plates and scrap steel, the spot market slightly rose. Then, the performance of the futures market began to decline, and the local traders' prices also turned to a consolidation movement. From Thursday to Friday, stimulated by the news of production restrictions in Tangshan, the factory prices of some local steel mills were raised, and the market prices at the lower levels slightly recovered. The demand performance for the entire week was still acceptable. In the sheet sector: The shipment volume of hot-rolled steel resources outside the region this week was limited, while the production volume within the region increased. The local demand performance was good, and the prices rose slightly. While the medium-sized plates were driven by the recent low arrivals and the price increase of other varieties, the local merchants' quotations also slightly rose. The market was in a state of slow inventory reduction. In the profile sector: Affected by the Tangshan steel billet and production restrictions news, the profile prices moved strongly in the second half of the week. However, the local transactions were generally average, and the atmosphere in the latter half of the week slightly improved. The mainstream mentality of the traders remained relatively cautious, and their operations were mainly focused on active sales.

This week, the domestic market price of 316L stainless steel plates showed a strengthening trend of oscillation. With the continuous digestion of current market resources, the pressure on merchants' high-cost resources has decreased. However, at present, the production situation of blast furnaces is normal, and the current profit situation is stable, so the production planning of the enterprises is relatively active. In the short term, the market will also face the pressure of subsequent resource arrivals. On the other hand, the release of demand situations has a phased nature. Whether the terminal demand is sufficient to support the spot price to maintain an upward trend also needs to be considered. For non-mainstream varieties, merchants always operate mainly by selling, so there will be timely adjustments based on the transaction situation. In summary, the domestic market price of 316L stainless steel plates is expected to maintain an oscillating trend next week. The soft strength is a non-materialized element relative to the hard strength and constitutes the overall strength of the enterprise together with the hard strength. The long-term development of the enterprise cannot be separated from the joint effect of the enterprise's soft and hard strengths.

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