EUROPE STAINLESS STEEL: Base prices mostly stable amid returning activity

European stainless steel base prices have been largely stable over the past week, with market activity improving after seasonal holidays, sources told Metal Bulletin on Friday January 12.

Metal Bulletin’s weekly base price assessment for 2mm, grade-304 CR stainless steel sheet narrowed downward by €10 per tonne to €1,060-1,120 ($1,271-1,343) per tonne delivered in Northern Europe on Friday, compared with €1,060-1,130 per tonne delivered on January 5. Finnish stainless steelmaker Outokumpu has lowered its base price offer to €1,120 per tonne, Metal Bulletin understands. “End-user demand is not too bad. We’ve had...

Published

Viral Shah

January 12, 2018

18:10 GMT

London