[SMM Stainless Steel Flash] Asian Stainless Steel Prices Hold Steady for Third Consecutive Week Amid Quiet Market

Published: Jun 19, 2026 14:18

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Asian stainless steel prices held stable for a third consecutive week, with Chinese Taiwan's export quotes unchanged and Chinese export offers rebounding to steady levels after a brief dip earlier in the month. Raw material trends diverged, LME nickel prices softened while Indonesian NPI gained ground; Chinese domestic ferronickel stabilized and stainless steel futures posted a weekly gain. Trading activity remains quiet during the traditional off-season, though consumption levels are running ahead of the same period last year. A recent Middle East peace accord helped nickel prices bounce back, pointing to a firm short-term market trend.

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