Futures and spot in stainless steel industry are just two different concepts. Spot is a ready-made stainless steel commodity circulating in the market. For example, if you pay today, the customer will get the goods right away.

Futures are for the next issue of goods, such as ordering goods for next month this month, or ordering futures for a future date, which is risky to a certain extent, because if you make an order based on your judgment on stainless steel, you think that stainless steel will rise next month, then you can order futures at the current price, and you can also pick up the goods at the current price when you deliver next month, regardless of whether the price is rising or falling.

I hope it helps your problem.