EUROPE STAINLESS STEEL: Transaction prices fall further as competition for share continues

European transaction prices for grade-304 cold-rolled (CR) stainless steel sheets decreased further this week with competition between European and Asian material continuing.

Fastmarkets’ weekly price assessment for the material fell to €2,180-2,240 ($2,480-2,549) per tonne delivered on Friday November 2, down by $20-60 per tonne. Meanwhile, imports from Asia were available for $1,120 per tonne cif. Distributors complained that there are so many sellers with abundant material that buyers can shop around whenever they need fresh supplies. Further, with prices having decreased steadily since August, buyers appeared...


Ross Yeo

November 02, 2018

16:56 GMT