The continuous increase in PPI has led to a rigid rise in production costs in the industrial sector. The low CPI reflects the weak recovery of terminal consumption and downstream demand. The demand for steel in real estate, infrastructure and manufacturing has weakened during the off-season, and the market demand for 316L stainless steel sheet,s has been insufficient. This has made it difficult for steel mills to pass on the rising raw material costs to the downstream. Industry profits have been continuously compressed, and the pressure of inventory accumulation during the off-season has also been added. The rebound momentum of 316L stainless steel sheet, prices is insufficient, and the overall market continues to operate in a weak manner.

At present, the short-term 316L stainless steel sheet, market will still be in a state of alternating rises and falls. There will be no trend of significant increase in the market. The subsequent trend highly depends on the strength of the recovery of terminal demand. As July 1st approaches, expectations for policy in the second half of the year in the 316L stainless steel sheet, market are also increasing. However, the recovery of demand during the off-season is slow under the influence of frequent natural disasters. The recovery cycle has been prolonged. Market movements driven by external forces or market sentiment cannot last long. Ultimately, it still needs to wait for the gradual digestion of supply and demand contradictions.