Tag: traders expect limited short-term gains
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Asian stainless steel offers edge higher m-o-m despite weak demand
Price hike driven by higher nickel pig iron costs Demand stays weak in China, Southeast Asia, Korea SteelDaily: Asian stainless steel offer prices rose by $30-$40 m-o-m, with Indonesia’s Tsingshan quoting 304 hot-rolled coils (HRCs) to Southeast Asia at $1,680-1,720/tonne (t), averaging $1,700/t. The increase was driven by higher nickel pig iron costs, China’s push…