Import prices for stainless steel in East Asia remained steady over the past week amid a lack of trading activity, with sellers maintaining their offer levels despite buying interest being weak due to nickel's downtrend.
Fastmarkets' weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was unchanged at $2,040-2,130 per tonne cif on Wednesday March 27. Fastmarkets' weekly import price assessment for benchmark 304 stainless trimmed hot-rolled coil in the same region was $1,920-2,000 per tonne cif on Wednesday, also unchanged week on week.Market participants estimate that the tradable prices for both products are within...