Import prices for stainless steel in East Asia moved up over the past week amid increased buying activity and costlier nickel, while talk also emerged in the market about a major Indonesian mill's plans to reduce its stainless steel supply to Taiwan.
Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,880-1,970 per tonne cif for the week ended Wednesday January 16, widening upward by $10 per tonne from $1,880-1,960 per tonne cif a week earlier.Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,760-1,830 per tonne cif for the same period, narrowing upward by $10 per tonne week on week from $1,750-1,830...