East Asian stainless steel market flat on inactivity

By Paul Lim / June 28, 2018 / www.metalbulletin.com / Article Link

East Asia's stainless steel prices held steady over the past week amid an illiquid spot market.

Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,240-2,300 per tonne cif East Asian ports for the week ended Wednesday June 27, unchanged from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless trimmed hot-rolled sheet was also unchanged for the same period, at $2,250-2,290 per tonne cif East Asian ports.There were no deals reported over the past week, with no negotiations heard between buyers and sellers, sources said. Market sources said there were no major changes in fundamentals that would influence price movements."Some mills have...

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