Import prices for stainless steel in East Asia were down in the week to Thursday May 2 amid weak buying interest and falling nickel prices that led to lower offers from producers in the region.
The three-month nickel contract on the London Metal Exchange ended Wednesday May 1's official trading session at $12,205-12,210 per tonne, down $220-240 per tonne week on week.The price has trended downward since hitting a 2019 high of $13,650-13,660 per tonne on March 6.304 stainless 2mm trimmed cold-rolled coilFastmarkets MB's weekly import price assessment for benchmark...