East Asian stainless steel prices fall on weak demand, lower offers

Import prices for stainless steel in East Asia were down in the week to Thursday May 2 amid weak buying interest and falling nickel prices that led to lower offers from producers in the region.

The three-month nickel contract on the London Metal Exchange ended Wednesday May 1’s official trading session at $12,205-12,210 per tonne, down $220-240 per tonne week on week. The price has trended downward since hitting a 2019 high of $13,650-13,660 per tonne on March 6. 304 stainless 2mm trimmed cold-rolled coil Fastmarkets MB’s weekly import price assessment for benchmark...

Published

Lee Ken Kiat

May 02, 2019

11:05 GMT

Singapore