316L stainless steel main smelting raw materials

Purchased high nickel iron price CNY 955 / nickel, flat;

High-carbon ferrochrome CNY 8900/base tonne, flat year-on-year;

Ferromolybdenum price of CNY 219,000/ tonne, flat compared to the ring;

316 stainless steel scrap price CNY 17400 / tonne, flat compared with the ring;

304 stainless steel scrap CNY 9600 / tonne, flat compared with the ring.

At present, the scrap stainless steel process smelting 316L hot rolling cost CNY 22989 / tonne, a decrease of CNY 49 / tonne.