With nickel prices rebounded last week, the East Asian production 304/2B 2mm cold rolled steel prices have stabilized signs. China Taiwan Resources mainstream offer 2250-2300 U.S. dollars / ton (CFR), compared with last week at the bottom of some easing; Korea Resources offer increased from $ 2,300 / ton (CFR) relaxed to 2280-2300 U.S. dollars / ton (CFR), but price remained at 2250-2280 U.S. dollars / ton (CFR), week than the same ring.
Since March this year, the Asian stainless steel market all the way down, 304/2B 2mm cold rolled steel prices by the 2700-2760 U.S. dollars / ton (CFR) all the way down the bottom. But last week as nickel prices rebound, market confidence has been boosted, buyers think current prices within an acceptable range, the latter if nickel prices, steel prices will subsequently rise, thus increasing replenishment activities. Asian stainless steel market is expected in the coming weeks will gradually stabilize.
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