End-user demand is robust and even growing in some sectors, such as appliances and food processing, Damstahl said, reiterating the fact that cold-rolled (CR) stainless sheet imports are no longer an option for European buyers
Metal Bulletin’s weekly price assessment for flat CR grade-304 material was €1,100-1,120 ($1,249-1,272) per tonne delivered in Northern Europe on Friday June 23
, having fallen gradually from a peak of €1,140-1,170 ($1,295-1,329) per tonne on May 12.
Falls in stainless steel raw materials prices, such as nickel and ferro-chrome, have led to consecutive month-on-month drops in the European alloy surcharge.
The alloy surcharge for July deliveries of 2mm grade-304 CR stainless steel sheet – compiled by Metal Bulletin based on data published by Outokumpu, Acerinox and Aperam – fell by €52-62 ($59-70) per...