Recently, China's stainless steel scrap market has been volatile, with notable price fluctuations in 304 scrap. Factors like raw material costs, weak downstream demand, and global metal market trends have led traders to adopt a wait-and-see approach, reducing trading volume compared to last month Industry experts attribute the volatility to imbalanced supply-demand dynamics. Stainless steel mills are cutting purchases and pushing prices down, while scrap recyclers reduce shipments due to narrowed profit margins. Global economic uncertainties further fuel market caution.
