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Outokumpu USA follows moves to raise stainless steel prices

June 26, 2014 - 22:31 GMT Location: New York

KEYWORDS: stainless steel , stainless prices , North American Stainless , NAS , Outokumpu Stainless USA

Outokumpu Stainless USA has jumped on board a push to raise stainless steel prices, the third of four companies to increase their prices for July, Metal Bulletin sister title AMM has heard.

Market participants remain skeptical that the increases will stick, however, if there is no backing from industry leader North American Stainless (NAS). Distributor sources voiced skepticism that NAS would choose to follow this latest increase, as well as concern that escalating base prices could hurt the robust demand for material seen...

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