Sluggish demand weighs on East Asian stainless steel prices

Import prices for stainless steel in East Asia narrowed over the week to Wednesday May 29 after some producers raised their asking prices following the uptick in the London Metal Exchange nickel price although demand in the region remained weak.

304 stainless 2mm trimmed cold-rolled coil Fastmarkets MB’s weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia narrowed up on the low end and down on the top end to $1,910-1,950 per tonne cif on Wednesday May 29, compared with $1,880-1,980 per tonne cif a week earlier. In the week to Wednesday May 29, one shipment of stainless CRC from Taiwan was sold at $1,920-1,930 per tonne cif. Material from China and Taiwan was available at $1,920-1,950 per tonne cif, while a...

Published

Lee Ken Kiat

May 29, 2019

13:15 GMT

Singapore