EUROPE STAINLESS STEEL: Base prices largely stable but surcharges set to fall

European stainless steel base prices were largely stable in the week ended Friday September 21, with market sources awaiting news of alloy surcharges for October.

These had been widely expected to decrease on lower nickel prices, and this was confirmed on September 21 when Outokumpu announced that its surcharge for grade-304 cold-rolled sheets will decrease in October by €80 per tonne, to €1,443 ($1,693) per tonne.
Other mills were expected to announce similar moves next week.



Ross Yeo

September 21, 2018

18:22 GMT