East Asian stainless steel prices sag amid gloomy outlook

East Asia’s stainless steel prices are showing signs of weakness this week due to market participants’ bearish outlook for the year-end.


Steel First assessed prices for December shipments of benchmark 304 stainless 2mm cold rolled coil at $2,400-2,500 per tonne cif East Asian port on Friday November 28, widening downwards by $70 per tonne from last week. "Exports fared worse this week, as poor demand is driving down prices in spite of the nickel market...

Published

November 28, 2014

05:13 GMT

Shanghai