Stainless Steel Price in Asia Continues to Slide

2013-04-05

Stainless steel price in Asia continues to slide because of less demand for it. On March 22, the price of 304/2B2mm stainless steel cold roll continued to slide from the previous US$ 2,600 to 2,700 per ton, to US$ 2,580 to 2,650 per ton. 

  Stainless steel price in Taiwan is US$ 2,650 per ton and stainless steel price in Korea is US$ 2,650 to 2,700 per ton (the actual stainless steel selling price in Korea is in the range from US$ 2,580 to 2,650). Though nickel price has exhibited a slight increase after March 15, steelmakers do not want to increase their prices because they want to keep order sizes up as it approaches the end of March. Therefore, in the near future, stainless steel price in Asia will remain low.