1. Raw Material Costs: The primary materials used in stainless steel production are metals like nickel and chromium. The prices of these metals can fluctuate depending on market conditions. Fluctuations in raw material prices affect stainless steel prices.

2. Supply and Demand Balance: Stainless steel demand and supply can significantly influence prices. High demand and low supply can lead to price increases, while low demand and high supply can cause prices to drop.

3. Energy Costs: Stainless steel production involves high-temperature processes, which require significant energy input. Increases in energy prices can raise production costs and, in turn, increase prices.

4. Manufacturing and Labor Costs: Stainless steel production involves complex manufacturing and labor-intensive processes. Labor costs and advancements in production processes can affect prices.

5. Currency Exchange Rates: Stainless steel is a material traded on the international market. Fluctuations in currency exchange rates can impact import and export prices.

6. Trade Policies: Trade policies between countries can affect stainless steel trade. Customs tariffs, import quotas, and trade agreements can impact prices.

7. Market Conditions: General economic conditions, industrial demand, and other factors influence stainless steel prices. For example, economic downturns can reduce demand and lower prices.

8. Technological Advancements: New technological developments in stainless steel production can lead to more efficient manufacturing and cost savings, which may affect prices.

9. Geopolitical Factors: International tensions can disrupt supply chains and make material sourcing more difficult, potentially driving prices higher.

Stainless steel prices can vary based on the combination of these factors. Therefore, it's important to carefully consider market conditions and factors before making stainless steel purchases.