EU stainless steel base prices steady as fears of alloy surcharge drop subside

European stainless steel base prices remained unchanged this week, as expectations of a sharp month-on-month drop for March’s alloy surcharges were lowered, sources said on Friday February 17.

Metal Bulletin’s weekly base price assessment for 2mm, grade-304 cold rolled (CR) stainless sheet was unchanged at €1,130-1,150 ($1,201-1,223) per tonne delivered in Northern Europe on Friday. “The alloy surcharge in March won’t be a big cause for concern,” one distributor in the Nordic region said. “In January, we expected it to be a much more dramatic drop – around €100-150 [$106-159] per...

Published

Viral Shah

February 17, 2017

18:15 GMT

London