MYSTEEL: China stainless steel prices to consolidate at lows in '26

China's stainless steel market will continue to face sustained pressure in 2026, as prices remain anchored at depressed levels with the persistent structural oversupply heightening volatility, according to Mysteel's annual report on the ferrous metal.

The market is expected to navigate a complex transition. While policy guidance under China's 15th Five-Year Plan aims to push the industry toward 'high-quality' development, it must simultaneously grapple with multiple headwinds, including export barriers, the looming cost of carbon compliance, and supply-side uncertainties from key resource nations like Indonesia. The core