EUROPE STAINLESS STEEL: Grade-304 sheet base prices slide on continued import pressure

The base price assessments for flat stainless steel products in Europe narrowed downward by €10 per tonne this week due to continued pressure from cheap imports, sources told Metal Bulletin on Friday April 13.

Metal Bulletin’s weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was €1,050-1,100 ($1,296-1,357) per tonne delivered in Northern Europe on Friday, compared with €1,050-1,110 per tonne delivered on April 6. “The base price is around €1,050 per tonne but some European mills are also selling material on a fixed transaction price - which would really push the [theoretical] base price down - in order to match prices of imported Malaysian or...

Published

Viral Shah

April 13, 2018

17:35 GMT

London