Tsingshan just fired the latest salvo in Asia’s stainless rally, hiking export offers $40 per tonne across the board. The move rides China’s accelerating recovery – where Beijing’s capacity trims and that massive Yarlung Tsangpo hydropower build are kicking stainless demand into higher gear.

You can see the momentum everywhere. Chinese futures and spot tags are climbing steadily while nickel pig iron shakes off its slump. Even LME nickel’s joining the party with fresh gains. For traders, this dual push – rising raw material costs and rebounding finished steel – screams one thing: mills aren’t bluffing about this upturn.

“Tsingshan’s hike confirms what the charts hinted,” a Singapore-based trader noted. “When nickel and NPI sync up like this, buyers start scrambling.” With infrastructure pipelines filling across Asia, Indonesia stainless steel prices could lead the next leg up.