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As reported by Yieh.com, prices for cold-rolled stainless steel increased in price in the Asian market last week. Meanwhile, prices for cold-rolled steel in the Chinese domestic market continued to fluctuate.
Although the price of cold rolled stainless steel is slightly higher than in the previous week, the market outlook remained uncertain due to increased production and factory shipments.
Currently, the price of cold-rolled steel is supported by the cost of raw materials, including nickel. However, in order to guarantee profits, some traders are now speeding up the sale of their shares.
As for the steel mills in Taiwan, they chose to update their quotes this week after assessing the market situation, as they currently have no selling stress.
