EU stainless steel base prices unlikely to fall further, Damstahl says

The potential for further falls in stainless steel base prices is “limited as the mills know that stock levels are rather low”, Danish distributor Damstahl said this week.

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...

Published

Viral Shah

June 29, 2017

16:07 GMT

London