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East Asian stainless prices up on healthier bookings amid nickel gains

July 04, 2014 - 08:27 GMT Location: Shanghai

KEYWORDS: East Asia , London Metal Exchange , Hong Kong , three-month nickel

East Asian stainless steel prices edged upwards slightly in the later part of this week as a result of a surge in the nickel market and healthy bookings.

Metal Bulletin sister title Steel First assessed prices for August shipments of benchmark 304 stainless 2mm cold rolled coil at $2,730-2,930 per tonne cif East Asian port on Friday July 4, up $10-30 per tonne from a week ago. Market participants reported steady bookings...

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