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East Asian stainless steel prices up on nickel gains

January 17, 2014 - 06:36 GMT Location: Shanghai

KEYWORDS: East Asia , China , Taiwan , South Korea , Japan , 300-series

East Asia’s stainless steel offers picked up this week tracking gains in the nickel market, but bookings further weakened as a result of the increase.

Benchmark 304 stainless cold rolled coil was offered at $2,320-2,450 per tonne cif East Asian port this week, up $40-50 per tonne from last week’s prices. "We raised our offers tracking the strong nickel performance,"...

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