SMM June 12 Stainless Steel Quotes Show Mixed Moves Across 304 and 316 Coils

📊 Shanghai Metals Market's stainless steel quotation page for June 12, 2026 showed a mixed picture across major white steel products. The national 201/2B coil price was listed at RMB 8,830 per ton, unchanged on the day, while 304/2B coil rose RMB 50 to RMB 15,175 per ton. The 304/NO.1 coil quote also moved higher, up RMB 30 to RMB 14,540 per ton. For traders and fabricators watching the 304 series, the update points to a modest firming in selected mainstream grades rather than a broad market surge.

🔎 The same SMM table showed pressure in higher-grade material. The 316/2B coil price was quoted at RMB 29,940 per ton, down RMB 200 on June 12, while 430/2B coil stayed flat at RMB 7,735 per ton. This divergence matters because buyers do not experience one single stainless steel price: 304, 316 and 430 grades respond differently to raw-material costs, order flow, stock levels and end-use demand. A small rise in 304 can sit alongside a decline in 316, especially when procurement is cautious and mills, service centres and downstream users are managing inventory grade by grade. ⚙️

🏭 For Malaysia-facing buyers who follow Chinese stainless steel and white steel benchmarks as a reference, the June 12 SMM update suggests that quotation checks should be done by grade and specification, not only by a headline steel index. The latest public prices give purchasing teams a fresh reference for comparing supplier offers, reviewing stock replacement costs and timing near-term orders. Actual transaction prices can still differ by thickness, surface, city, mill source, logistics and payment terms, so the SMM numbers are best used as a real-time market guide rather than a final deal price. 📌