Indonesia’s decision to cut nickel ore production has boosted the Asian stainless steel market, with sentiment improving and both spot and export offers trending higher. Taiwanese exports have followed this upward trend, signaling a short-term firm outlook despite weak demand in some regions.
Raw material prices, including international nickel and Chinese nickel pig iron, have rebounded, while stainless steel futures in China continue to rise, reflecting optimism.
Supported by macroeconomic factors and supply constraints, Asian stainless steel cold-rolled coil prices are expected to remain strong and volatile in the near term.