Excess supply weighs on stainless HRC prices in East Asia

April 19, 2019 / www.metalbulletin.com / Article Link

Import prices for stainless cold-rolled coil in East Asia were mostly steady over the past week due to soft demand and a stable nickel market, while those for stainless hot-rolled coil fell due to excess spot supply.

Stainless CRCFastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia was $2,030-2,100 per tonne cif on Wednesday April 17, unchanged from a week earlier. Multiple shipments of stainless CRC from China and Taiwan were sold at $2,040-2,080 per tonne cif during the week to Wednesday. These materials...

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