East Asian stainless steel prices fall on weak downstream demand, trade uncertainty

Import prices for stainless steel in East Asia have declined over the week ended on May 22 because of limited buying interest amid the heightened trade tensions between China and the United States.

China will impose duties on $60 billion of US goods from June 1, it said, in retaliation to US President Donald Trump’s announcement that the US will raise tariffs on $200 billion of Chinese products to 25% from 10% on May 10. 304 stainless 2mm trimmed cold-rolled coil Fastmarkets MB’s weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,880-1,980 per tonne cif on Wednesday May 22, down by $10-50 per...

Published

Lee Ken Kiat

May 22, 2019

12:05 GMT

Singapore