East Asian stainless steel prices continue slide on year-end lull

Import prices for stainless steel in East Asia continued on a downward trend over the past week amid the year-end lull.

Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,860-1,930 per tonne cif for the week ended Wednesday December 19, down $40 per tonne from a week earlier. Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,720-1,770 per tonne cif for the same period, widening downward by $70-90 per tonne from $1,790-1,860 per tonne cif a week earlier. Industry sources said demand was weak in Asia due to the...

Published

Paul Lim

December 20, 2018

06:25 GMT

Singapore