EUROPE STAINLESS STEEL: Lower February surcharges not applied as transaction prices stay flat

Despite the fact that European steel mills published significantly lower alloy surcharges to come into effect on Friday February 1, prices have remained unchanged, Fastmarkets has heard.

Transaction prices for grade-304 cold-rolled (CR) stainless steel sheets remained at €2,000-2,040 ($2,295-2,341) per tonne delivered on the day. Whether the lower surcharges will be reflected in transaction prices later in the month remains to be seen. Many traders...


Ross Yeo

February 01, 2019

18:28 GMT