East Asian stainless steel prices rise amid fluctuations in nickel market

Import prices for stainless steel in East Asia rose over the past week following a surge in the price of nickel.

Producers will attempt to sustain the upward trend in stainless steel prices going forward under the pretext of higher nickel costs, a trader in Taiwan said. But a trader in northern China said the jump in the price of nickel had been too abrupt and buyers are likely to be unwilling to procure material at levels above last week’s price until a clearer price trend emerges, especially as the nickel...

Published

Lee Ken Kiat

July 04, 2019

13:34 GMT

Singapore