The cost of 304 steel sheet forms strong support, and the willingness of the spot market for 304 steel sheet to decline is relatively low

Although the current so-called equivalent tariff policy has had a certain impact on market sentiment, the recent adjustment of Indonesia's nickel ore policy and the easing of the oversupply of chrome ore have provided strong support for the price of 304 steel sheets from the raw material side. Under the strong suppression of tariff policies, it still maintains a certain resilience and has not fallen to the low point before the year. The 304 steel sheet market still has confidence in the future and maintains a cautious and wait-and-see attitude in the short term.

At present, the cost of smelting 304 cold rolling using short process technology is 13167 yuan/ton, a decrease of 38 yuan/ton compared to the previous period and a decrease of 0.3% compared to the previous period; The cost of smelting 304 cold rolling using the purchased high nickel iron process is 13665 yuan/ton, a decrease of 55 yuan/ton compared to the previous period and a decrease of 0.4% compared to the previous period; The cost of smelting 304 cold rolling using low nickel iron+pure nickel process is 16494 yuan/ton, an increase of 93 yuan/ton compared to the previous period, and an increase of 0.6% compared to the previous period; The cost of smelting 304 cold rolling from self-produced high nickel iron is 13852 yuan/ton, an increase of 11 yuan/ton compared to the previous period, and an increase of 0.1% compared to the previous period.