MYSTEEL: China stainless steel prices to slide in Q2 after Q1 rally

Source: Mysteel Apr 01, 2026 17:30

Costs lifted China's stainless steel market during this year's first quarter, with the rises largely fueled by expectations of tightening nickel ore supplies from Indonesia, according to Mysteel analysis.

Besides tightening production quotas on nickel miners, the Indonesian government has approved new tariffs for coal and nickel exports, although discussions on specific tax rates are still ongoing, as Mysteel Global reported. Under the combined influence of Indonesia's tighter nickel ore quotas and China's domestic pro-growth policies supporting consumer goods