East Asian stainless steel prices fall due to declining nickel cost

摘要

Import prices for stainless steel in East Asia went down in the weekended Wednesday April 24 because market participants delayedpurchasing decisions while waiting for more clarity about how theprice of nickel would move.The three-month nickel contract on the London Metal Exchangeended the official trading session on April 23 at $12,575-12,600 pertonne, down by $490-495 per tonne week on week.