EUROPEAN STAINLESS STEEL: Price range slips on weak demand

Transaction prices in Europe for grade-304 stainless steel sheets have widened downward over the past week on poor demand, with further decreases likely in June because of lower alloy surcharges, sources told Fastmarkets on Friday May 24.

Fastmarkets assessed the price of grade-304 cold-rolled sheets in Europe at €2,200-2,300 ($2,454-2,566) per tonne delivered on Friday, widening downward by €40 per tonne from last week. Demand had been disappointing in recent weeks because of a generally poor European economy, and the market was now moving into the summer slow season. “I think [the summer...

Published

Ross Yeo

May 24, 2019

20:12 GMT

London