Weak demand for stainless steel in East Asia continued to weigh on offers, and consequently import prices in the region over the past week.
Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,990-2,060 per tonne cif East Asia for the week ended Wednesday November 21, narrowing from $1,950-2,070 per tonne cif a week earlier.Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,850-1,940 per tonne cif East Asia for the same period, narrowing downward by $30 per tonne week on week.Not many transactions were concluded due to generally poor buying sentiment in the region. Some...