MYSTEEL: China's stainless steel prices to fluctuate widely in H2

China's stainless steel market is poised for wide fluctuations during the current July-December half, as cost-side support underpins prices while persistent supply overhang and tepid demand seem set to cap any significant upside swing, Mysteel's new report for the commodity suggests.

Supply to remain high China's stainless steel mills are likely to maintain elevated production levels through the remainder of the year. Producers of 300-series stainless continue to enjoy relatively healthy profit margins, limiting any incentive for them to undertake aggressive output cuts, the report notes. As of July 2, the average