1、 The current state of the stainless steel industry
Stainless steel is an alloy material widely used in industries such as building materials, automobiles, furniture, kitchen utensils, etc. It has excellent corrosion resistance and processing performance. However, due to the slowdown in global economic growth, the demand for industrial raw materials has decreased, leading to a rapid drop in stainless steel prices.
2、 Reasons for the decline of the stainless steel industry
1. Global economic slowdown: The global economic slowdown has led to a decrease in demand for raw materials, and the price of stainless steel as a raw material has also correspondingly decreased.
2. Overproduction: Due to overproduction by some producers, market competition has become increasingly fierce, leading to a decline in prices.
3. Trade protectionism: Trade protectionism policies are increasingly prevalent globally, and stainless steel, as an international commodity, is often affected by trade barriers.