In March, the spring is warm and the demand for construction sites is fully released, and the stainless steel market will usher in a demand explosion period. According to Wangang Stainless Steel, the index of new export orders in February was flat on a month on month basis, and the exports of stainless steel plants were relatively stable on a month on month basis. In February, the domestic stainless steel market rose sharply, while the foreign market rose slightly. China's stainless steel export competitiveness continued to decline, and the export quotation of some stainless steel varieties was higher than that of other countries.
The output index in February rose month on month, and the operating rate of stainless steel plants rose significantly. At the end of the Spring Festival holiday in February, with the market rising and demand starting, the operating rate of stainless steel plants has gradually increased. The inventory of stainless steel plants continued to decline, and the decline slowed down. The raw material inventory index in February fell month on month, and the raw material inventory of Hebei Stainless Steel Plant dropped significantly. From the source of raw material procurement, the procurement of domestic ores of Hebei Stainless Steel Plant decreased month on month in February, the procurement of imported ores increased month on month, and the proportion of foreign ores of Hebei Stainless Steel Plant increased. In February, the growth of domestic ores was higher than that of imported ores. Hebei Stainless Steel Factory increased the proportion of imported ores purchased. In February, the price of domestic stainless steel rose in shock. The increase in the price of stainless steel was greater than the overall increase in raw materials, and the profitability of stainless steel plants increased significantly.