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Finally, you did it. You have demands with stainless steel, you confirm the product, and now you’re ready to get the stainless steel price.
Hold on, You need to know what constitutes the price of stainless steel, and how will it be affected?
A good price of raw materials is critical to the success of your product. Whether you are high-tech products or daily necessities, if you use stainless steel materials and you do not have a competitive price, your products will not be profitable.
There are many ways to help you get the price of stainless steel. Starting from the factors affecting the price of stainless steel, below, we will outline the strategy for obtaining the price of stainless steel.
With the continuous development of productivity and the continuous improvement of the degree of socialization of economic activities, the scope of economic activities between the subjects of economic activities has continued to expand, the closeness of economic ties has continued to deepen, the complexity of economic activities has continued to increase, and the existence of interests among people Relational contradictions and conflicts, each pursuing different interests and objectives, and the bounded rationality of economic actors, it is impossible for the economic actors to have sufficient information, and the information they hold is difficult to be symmetrical, which inevitably leads to certain economic actors Or the economic activities in the economic field deviate from social needs, which not only affects its normal economic activities but also spreads to the entire socio-economic field like dominoes, causing cyclical economic fluctuations.
Due to the inevitability of the laws of nature, production must go through prosperity, recession, crisis, stagnation, new prosperity, etc., and change it again and again. The scarcity of resources will inevitably lead to conflicts and conflicts in the possession, allocation, and use of resources, and make periodic economic fluctuations possible.
The iron and steel industry is the basic industry of the national economy. The cyclical fluctuations of the national economy are an objective economic law, and the iron and steel industry is one of the industries most closely related to the economic cycle.
The main raw materials of stainless steel include chromium, iron, nickel, carbon, and other elements. Among them, the price of nickel and chromium has the greatest impact on the price of stainless steel. Nickel is mainly used to produce stainless steel, and consumption is mainly driven by stainless steel production. In recent years, the substantial increase in stainless steel production has driven nickel consumption.
Nickel, element symbol Ni, atomic number 28. Nickel is a hard and ductile metal with a silvery-white luster and a slight golden tint. It may be regarded as a cheap metal by many people, but it is very versatile and exists in many daily necessities. In addition to iron, cobalt, and gadolinium, nickel is also one of the four metal elements that have magnetism at or near room temperature (about 20°C). 65% of nickel is used to produce stainless steel, and nickel-chromium alloy is the most basic austenitic stainless steel. Nickel-chromium alloy has strong adaptability in the oxidizing working environment. It can resist high-temperature oxidation and certain corrosion resistance.
In the market, changes in nickel prices directly affect changes in stainless steel prices. The most intuitive way to observe changes in the price of nickel ore is to check the price changes of LME NICKEL.
London Metal Exchange (LME), established in 1876, is the most influential non-ferrous metal exchange in the world. The nickel ore transaction price and inventory announced by the LME have an important impact on the world’s non-ferrous metal prices, and it will also have a direct impact on the price of stainless steel.
With the economic development and the improvement of living standards, as well as the requirements for the appearance and service life of steel, the application of stainless steel will become more and more extensive. In the long term, the growth of stainless steel demand will support the price of stainless steel.
In 2020, the epidemic will spread globally, and factories and stores will be shut down on a large scale. Cause a shortage of materials. After the epidemic, people started retaliatory consumption, and the market demand for products using stainless steel as raw materials increased significantly. Even some stainless steels are in short supply. Directly lead to a sharp increase in the price of stainless steel.
Technological progress will improve the functions and performance of products to a certain extent, broaden the application areas of stainless steel, stimulate market demand for stainless steel products, and increase market prices. The impact on the production process can increase labor productivity and improve the structure of stainless steel production, and reduce the global stainless steel supply price; third, scientific and technological progress may produce new alternative materials, which will reduce the demand for stainless steel and reduce its market price. It seems that new metal materials that can completely replace stainless steel have not yet appeared. Therefore, the impact of technological innovation on the stainless steel market is currently difficult to assess.
Changes in national macroeconomic policies, monetary policies, foreign exchange policies, and import and export policies. For example, the country’s policies to promote consumption upgrades will stimulate the demand for stainless steel terminal products, or certain countries impose trade barriers on some stainless steel products. These factors affect the price of stainless steel. It also has a certain impact.
For example, the United States imposed a 25% tariff on Chinese stainless steel products in 2020, which directly led to a sharp increase in the price of stainless steel products exported from China to the United States.
This is closely related to the stainless steel companies you contact. If you are in contact with a stainless steel distributor, its price must be higher than that of the production plant, but the advantage is that it can meet your small order and supply-demand with multiple Chinese steel grades. If the quantity you want to purchase exceeds 3 tons, then you can look for a production factory. Yaoyi is a stainless steel factory with 25 years of production experience, it can give you the best price with low MOQ.
Changes in national macroeconomic policies, monetary policies, foreign exchange policies, and import and export policies. For example, the country’s policies to promote consumption upgrades will stimulate the demand for stainless steel terminal products, or certain countries impose trade barriers on some stainless steel products. These factors affect the price of stainless steel. It also has a certain impact.
For example, the United States imposed a 25% tariff on Chinese stainless steel products in 2020, which directly led to a sharp increase in the price of stainless steel products exported from China to the United States.
This is closely related to the stainless steel companies you contact. If you are in contact with a stainless steel distributor, its price must be higher than that of the production plant, but the advantage is that it can meet your small order and supply-demand with multiple Chinese steel grades. If the quantity you want to purchase exceeds 3 tons, then you can look for a production factory. Yaoyi is a stainless steel factory with 25 years of production experience, it can give you the best price with low MOQ.
When the thickness of stainless steel is less than 1.5mm, the smaller its thickness, the higher the price, because the smaller the thickness, the more cold-rolling processes are required for the production of stainless steel, and the higher the production cost. At the same time, the production process of ultra-thin stainless steel foil, such as 0.035mm stainless steel foil, is more difficult. To produce stainless steel foil with a thickness of less than 0.05mm, a 20-roll rolling mill is required for production.
At the same time, it is also necessary to ensure that the surface of the product is not scratched and the edges of the product do not appear ripples. Therefore, the price of stainless steel foil is very expensive. Yaoyi can provide you with a minimum of 0.03mm stainless steel foil. It is widely used in industries such as dentistry, mobile phones, and electronic editions.
Its surface condition is divided into several types, including splitter panel and drawing board. Different colors of surface treatment will have different changes, which will affect the price. The more delicate the surface treatment, the more delicate the color, of course, the more expensive the price.
Generally speaking, the price of stainless steel below 1/4 hard is the cheapest. The higher the hardness, the more difficult the production price, because the production of stainless steel requires hardness while also taking into account its tensile strength. Stainless steel below 1/4 hard is usually used in building exterior walls, elevators, decoration, and other industries. The market demand is large, and the supply is also large. 1/2 of stainless steel is mainly used in industries that require material elasticity such as clamps and springs. Stainless steel is difficult to produce and expensive. Yaoyi specializes in the production of semi-hard stainless steel and is the only overseas raw material supplier for the world’s Fortune 500 companies. At the same time, our stainless steel has stronger tensile strength than ordinary stainless steel under the same hardness.
A 304 stainless steel price history chart can typically be found through online commodities market resources or databases. These platforms provide historical data on various commodities, including different grades of stainless steel. Note that access may require a subscription or purchase.
As of my last update in September 2021, 316 stainless steel, generally being a higher grade than 304 due to the addition of molybdenum, could be priced slightly higher. Prices could range from $1 to $3 per pound, though this can change based on factors such as market demand, the cost of raw materials, and economic conditions.
The 316 stainless steel price index can often be found on online resources that track commodity prices. These indexes provide a measure of the average change in price for this material over time.
The price of 316 stainless steel has fluctuated over time due to various factors, including changes in demand, availability of raw materials, and global economic conditions. In general, prices have tended to increase, with periodic dips and spikes.
As of my last update, the price of 304 stainless steel per kilogram could generally range from about $1.1 to $5.5. It’s essential to note that these are rough estimates, and the current price may vary. Always consult a reputable supplier or market resource for the most accurate and up-to-date pricing information.
To get the most accurate and current stainless steel prices, consider the following:
Consult with suppliers: Contacting stainless steel suppliers directly is a reliable way to obtain current pricing information. Prices may vary between suppliers based on their inventory and other factors, so it’s a good idea to request quotes from multiple sources.
Use online resources: Several online platforms track commodity prices, including stainless steel. These resources can offer historical price data and insights into market trends, though real-time pricing information may require a subscription.
Industry publications: Industry-specific publications and reports often provide information on stainless steel prices and market trends. These resources can help you stay informed about factors that may impact prices and aid in making informed purchasing decisions.
Trade associations: Trade associations related to the stainless steel industry may have access to pricing information and market data. Joining these organizations can give you access to valuable resources and networking opportunities.
When considering stainless steel prices, remember that these are influenced by multiple factors and can change frequently. Always consult multiple sources to ensure you have the most accurate and up-to-date information.