Import prices for stainless steel in East Asia weakened again during the past week, with exporters continuing to lower their offers amid intense competition in the region.
Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,950-2,070 per tonne cif East Asia for the week ended Wednesday November 14, down $30-80 per tonne from a week earlier.Fastmarkets MB's import price assessment for 304 stainless trimmed hot-rolled coil in the same region was $1,850-1,940 per tonne cif East Asia for the same period, narrowing downward by $30 per tonne week on week.Trading activity remained muted despite suppliers slashing their offers amid depressed demand and bearish...