South Korea: Stainless steel import prices likely to fall

  • Imported price of 300 series stainless steel hot and cold rolled products may fall this week by about KRW 50,000/t against last week, as per SteelDaily reports.
  • Despite strong won-dollar exchange rate, sluggish sales and the shift to nickel bear market impacted stainless steel import prices considerably. This impact will continue until early to mid-May as the market situation has been sluggish since April.

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