Import prices for stainless steel in East Asia softened over the past week due to a slowdown in trading activity, amid thin buying interest and a weakening nickel market.
Fastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $2,050-2,150 per tonne cif on Wednesday March 13, widening downward by $10 per tonne from $2,060-2,150 per tonne cif a week earlier.Fastmarkets MB's weekly import price assessment for benchmark 304 stainless trimmed hot-rolled coil in the same region was $1,920-2,010 per tonne cif on Wednesday, widening downward by the same amount from $1,930-2,010 per tonne cif a week earlier.Deals were sparse in both segments of the market during the...