Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.
Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless hot-rolled sheet was $2,190-2,290 per tonne cif East Asian ports for the same period, up $10-50 per tonne week on week.Deals involving stainless CRC were heard done at $2,250-2,320 per tonne cif, while those for stainless hot-rolled sheet were heard concluded at around $2,290 per tonne cif, sources in China and Taiwan said.Few firm...