Concerns emerge over Indonesian stainless steel supply

Concerns over the possibility of lower Indonesian stainless steel supply emerged over the past week after local media reported that four people at the Indonesia Morowali Industrial Park - where a major producer is located - had tested positive for the Covid-19 virus.

PT Indonesia Tsingshan Stainless Steel, which is located in the industrial park, did not issue any new offers this week, sources said.
"It is highly possible for the government to declare a lockdown on the industrial park and force companies to stop operations, although no decision has been made yet," a source who works in the same industrial park told Fastmarkets.
The virus has infected some 3.2 million people worldwide and caused around 220,000 deaths so far.

Taiwanese stainless steel major Yieh United Steel Corp (Yusco) raised its export offers for 300-series stainless hot-rolled and cold-rolled products by $60-80 per tonne for May on...

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