Taiwanese mills lowering stainless steel export prices on weakening demand
Taiwanese stainless steel cold-rolled coil manufacturers slashed their export prices in July, affected by weakening EU demand. Some kept offers nominally stable but ready for discounts.
On July 17, the leading stainless steel cold-rolled coil producer offered its 304 2B material at around USD 2,160-2,170/t FOB Kaohsiung, SMR learned from the market insiders in Taiwan. This was sharply down from USD 2,300/t FOB in late June and USD 30-40/t lower than the level two weeks ago. Continue Reading? Please click box below!
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