EUROPE STAINLESS STEEL: Transaction prices flat but decreases seen in coming month

Prices in the European domestic stainless steel market were stable this week but decreases are likely either late in May or early in June because of falling nickel prices as well as generally weak market conditions, sources said.

Fastmarkets MB assessed the price of grade-304 stainless steel cold-rolled (CR) sheets at €2,240-2,300 ($2,510-2,577) per tonne delivered on Friday May 10, unchanged week on week. https://www.metalbulletin.com/My-price-book.html?price=43619 While one trader claimed to have been offered by a particular mill at prices that were €50 per tonne lower than two weeks ago, Fastmarkets has held the assessment in...

Published

Ross Yeo

May 10, 2019

17:23 GMT

London