EU flat stainless steel base prices steady as buyers switch to stock material

European stainless steel base prices remained unchanged this week as buyers acquired material from stockists, sources said on Friday May 12.

Metal Bulletin’s weekly base price assessment for 2mm, grade-304 cold rolled (CR) stainless sheet was €1,140-1,170 ($1,239-1,272) per tonne delivered in Northern Europe on Friday.

Market participants reported buying 2mm, grade-304 CR sheet from the inventories of two mill service centres at overall sales prices (ie, the base price + alloy surcharge) ranging from €2,350...

Published

Viral Shah

May 12, 2017

16:41 GMT

London