Europe cashes in on cheaper East Asian stainless prices in buying flurry

East Asian stainless steel prices eased this week, as Chinese participants lowered offers to secure sales at the month end, while bookings from Europe remained strong amid the attractive prices.

Steel First assessed prices for benchmark 304 stainless 2mm cold rolled coil at $2,700-2,920 per tonne cif East Asian port on Friday June 26, down $30 per tonne from a week ago.

Market participants in Asia reported solid...


June 27, 2014

09:55 GMT