SMM

[SMM Analysis: High Raw Material Prices Compress Profits, Stainless Steel Costs and Profits Continue to Compete] This week, the stainless steel market saw increased activity, with electronic trading showing steady improvement and spot prices rising slightly. The trading atmosphere downstream has warmed up. Raw material prices have a significant impact on costs, with costs and profits being inversely correlated. On February 21, the cost of 304/2B products exceeded the selling price, resulting in losses. Fluctuations in raw material prices determine profit margins. Looking ahead to next week, stainless steel finished product prices are expected to remain steady or rise slightly, with the market gradually releasing volume. However, limited improvement in demand and oversupply continue to suppress price increases.