News | Case | Contact us Welcome to BEBON INTERNATIONAL
You are here: bebon steel > Industry news > ViewsThe factors influencing the price of the stainless steel

The factors influencing the price of the stainless steel

At first, we need to know the chemical composition of the stainless steel before we talk about the factors influencing the price of it. Stainless steel refers to a high alloy steel that has high corrosion resistance in atmosphere or chemical medium. The main chemical composition in stainless steel include Fe, Gr and Ni. The price of these raw materials determine the price of the stainless steel. The price of the stainless steel will increase as the raw material’s price increasing. So we should pay attention to the price of the raw material if we want to know the trend of the stainless steel’s price.
Not only can the price of the raw material influence the stainless steel price, but also the inventory can. As we all know, the relationship between supply and demand can guide the price, then inventory can reflect the relationship between supply and demand. The price will be down if supply is more than demand, otherwise, opposite.
It will appear substitution in stainless steel market if the price of stainless steel is too high. So appearance of the substitute will be also one factor influencing the price of the stainless steel.
The change of national economic policy and the relationship with other country also can influence the price of the stainless steel. All that country attaches more importance to a certain industry, or anti-dumping to one country, or joining to WTO can make a huge influence to price.
At last, some monopolic enterprise also can control the price.

BEBON International is the most professional stainless steel exporter in China and has won an outstanding reputation。If you are interested in the stainless steel, we will give you the best service. If you want to know more our company, you can access to our website or contact us directly.

Hot product