East Asian stainless steel prices remain under pressure from weak nickel, demand

The East Asian stainless market remained largely in a downward trend this week, on slack demand and weak nickel prices, with only sellers from Taiwan reporting higher prices.

Steel First assessed prices for February shipments of benchmark 304 stainless 2mm cold rolled coil at $2,360-2,500 per tonne cif East Asian port on Friday December 26, widening from $2,370-2,440 per tonne a week ago. The increase at the top of the range was due to Taiwanese exporters offering...


December 26, 2014

06:01 GMT