EU stainless steel base prices steady as buyers wait, turn to imports

Prices for European flat stainless steel remained unchanged last week, with some buyers turning to imports, sources said on Friday June 16.

Metal Bulletin’s weekly assessment of base prices for 2mm, grade-304 cold rolled stainless sheet was €1,100-1,120 ($1,230-1,252) per tonne delivered in Northern Europe on June 16, unchanged from a week earlier. With alloy surcharges for deliveries in both July and August expected to fall, many buyers are waiting for lower prices before returning to the market, while others are turning to imported stainless steel sheet from India, which carry base prices...

Published

Viral Shah

June 19, 2017

08:13 GMT

London