East Asian stainless steel prices maintain uptrend on nickel gains

Import prices for stainless steel in East Asia continued to edge up over the past week, with mills raising their offers further amid costlier nickel, although trading activity was still thin due to the Lunar New Year holidays.

Fastmarkets MB's weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,940-2,030 per tonne cif on Thursday February 7, up $20 per tonne from January 30. Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,830-1,900 per tonne cif for the same period, up $20-40 per tonne from January 30. Few deals were concluded in the past week, with most Asian markets slowing down further due to the Lunar New Year celebrations,...

Published

Fiona Lam

February 07, 2019

07:32 GMT

Singapore