TOKYO -- Fears of a fall in stainless steel demand are expected to limit a recent rebound in Asian prices of the alloy, in one of the myriad ripple effects from the newly escalating U.S.-China trade conflict.
Stainless steel coil is currently trading at around $2,000 per ton in Hong Kong, up about 5% from the bottom hit in January. The benchmark price of the base material had plunged 20% from last summer to the beginning of this year, reflecting concerns about the trade war.
