Prices for stainless steel in East Asia fell slightly during the past week after their previous two-week surge due to lower offers from China and mild losses in the nickel market.
Metal Bulletin's price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday June 13, down $10-20 per tonne from a week earlier.Metal Bulletin's price assessment for benchmark 304 stainless trimmed hot-rolled sheet was $2,210-2,310 per tonne cif East Asian ports for the same period, down $50 per tonne week on week.Trading activity was still thin over the past week, with some participants continuing to stay out of the export market after the previous weeks' price hikes by China.Deals involving stainless untrimmed CRC from private mills in China were reported at around $2,220 per tonne fob, equivalent to $2,260-2,270 per...