Stainless steel market highlights from Europe

As we reach the end of Q1, we at Metal Bulletin Research now turn our attention towards Q2. For the past few months we have re-iterated our belief that prices would begin to inch up in April and it seems as though this is now likely to happen on the back of rising alloy surcharges.

Indeed, following the increase in nickel prices through to mid-March, transaction prices on the most common grade of stainless steel, grade 304, should increase by around €40/tonne for April deliveries. This only amounts to an increase in final transaction prices of around 2% so is unlikely to spur much in the way of speculative buying but it is a step in the right direction as far as Europe’s stainless steelmakers are concerned.
 
The hope remains that a run of...

Published

April 18, 2016

00:00 GMT