Finished steel strengthens while raw materials diverge and weaken; stainless steel mill profits continue to expand [SMM Analysis]

[SMM Analysis] Finished steel strengthens while raw materials diverge and weaken, stainless steel mill profits continue to expand This week, stainless steel finished product prices rose, while the raw material side continued its divergent pullback pattern, further widening profit margins for steel mills. Based on 304 cold-rolled calculations, profitability at current raw material prices recovered to 2. 49%, while profitability based on inventory raw material costs rebounded to 0. 24%, with the profit structure continuing to improve. On the nickel pig iron front, futures showed signs of stopping falling and stabilizing.