EUROPE STAINLESS STEEL: Deal prices up as higher surcharges start to bite

The transaction price for grade-304 stainless steel cold-rolled sheet products in Europe has increased this week following the announcement of a sharp rise in alloy surcharges by mills in the region.

The March surcharges for grade-304 cold-rolled (CR) stainless sheets increased to €1,308-1,351 ($1,489-1,538) per tonne on Friday March 1, according to data released by Outokumpu, Acerinox and Aperam. This was up by €116-118 per tonne from the surcharges in February. The full rise has not yet been fully implemented in trading, however, with the price of grade-304 CR sheets, delivered Northern Europe, increasing by only €50...


Ross Yeo

March 01, 2019

15:40 GMT