Stainless steel prices in East Asia continued to fall over the past week on soft demand.
Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,910-1,980 per tonne cif East Asia for the week ended Wednesday November 28, down $80 per tonne from $1,990-2,060 per tonne cif a week earlier.Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,780-1,830 per tonne cif East Asia for the same period, down $70-110 per tonne from $1,850-1,940 per tonne week on week.The weakening of China's domestic steel...