The Northern Europe domestic base price for grade-304 stainless steel sheets was assessed at €925-985 ($1,063-1,132) per tonne delivered on October 5, down from €940-1,000 per tonne the week before.
A stock selloff began in late September when the market became aware that October alloy surcharges were likely to decrease substantially because of weak nickel costs. Stockholders with inventories of imported Asian material were therefore forced...
