EUROPE STAINLESS STEEL: Grade-304 sheet prices stable despite 'unrealistic' offers

The price range in Europe for grade-304 stainless steel cold-rolled (CR) sheet widened upward this week, with some of the higher offers heard last week finally being accepted by buyers, although business was also done at the same prices as before, Fastmarkets heard on Friday March 22.

Despite the partial increase, buyers said that many offers were still considered to be unrealistically high, and that certain mills will need to reduce their prices if they want to conclude deals in the coming weeks. The domestic price of grade-304 stainless CR sheet in Northern Europe was assessed by Fastmarkets on March 22 at €2,100-2,200 ($2,392-2,506) per tonne delivered, up by €50 per tonne...

Published

Ross Yeo

March 22, 2019

17:35 GMT

London