Chinese Steel Prices Hold Steady on Pre Holiday Activity and Higher Production Costs

Raw Material Push

Asian stainless steel and rebar prices are being pushed higher by significant growth in nickel and iron ore markets. Exporters in China and Taiwan have raised offers to offset higher energy and raw material costs, creating a firm price outlook despite the upcoming Lunar New Year lull.

Supply Chain Volatility

Volatility in Indonesian nickel pig iron supply and Chinese ferronickel futures has introduced a risk premium into the steel complex. Mills are maintaining strict production discipline to protect margins as they head into the 2026 fiscal year.