EU stainless steel mills begin to raise offer prices on return to market

European stainless steel mills raised their base price offers as the regional market began to return to normal activity, sources told Metal Bulletin on Friday September 1.

Metal Bulletin’s weekly base price assessment for 2mm, grade-304 cold rolled (CR) stainless sheet was €1,050-1,080 ($1,248-1,283) per tonne delivered in Northern Europe on September 1.
This price range widened upward week-on-week by €20 per tonne from €1,050-1,060 per tonne delivered.

“Mills will try to push up base prices as lead times are extending, and as stock levels at mills fall [because of] destocking activity over the past three months,” a...

Published

Viral Shah

September 01, 2017

16:48 GMT

London