According to customs statistics and MySteel data, in December 2025, China’s stainless steel pipe exports reached 806.46 million tons, an increase of 38,552 tons month-on-month, representing a month-on-month increase of 11.6%, and an increase of 12,626 tons year-on-year, representing a year-on-year increase of 17.97%.

I. Raw Materials: 1. Nickel: On March 3rd, the LME nickel closing price was $17,160, up $684, or 3.83%; the highest price for SHFE nickel 205% was 1,381,950 yuan, up 15,710 yuan, or 1.13%; Shanghai high-nickel ferrochrome (FeNi5C10000/50) was 8,850 yuan/60 base, and the reference price for high-carbon ferrochrome (FeCr60) was 281,400 yuan/ton, down 1,000 […]