East Asian stainless steel prices edge up on strong yuan, fewer offers

The appreciation of the Chinese currency against the US dollar and the suspension of export offers ahead by several mills ahead of the Lunar New Year resulted in East Asian stainless steel prices rising slightly over the past week.

Metal Bulletin’s assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,320 per tonne cif East Asian ports for the week ended Wednesday February 7, widening upward by...


Fiona Lam

February 08, 2018

05:34 GMT