East Asian stainless steel prices inch up on improved demand, costlier nickel

Import prices for stainless steel in East Asia moved up over the past week amid increased buying activity and costlier nickel, while talk also emerged in the market about a major Indonesian mill’s plans to reduce its stainless steel supply to Taiwan.

Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,880-1,970 per tonne cif for the week ended Wednesday January 16, widening upward by $10 per tonne from $1,880-1,960 per tonne cif a week earlier.

Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,760-1,830 per tonne cif for the same period, narrowing upward by $10 per tonne...

Published

Fiona Lam

January 17, 2019

07:22 GMT

Singapore