EUROPE STAINLESS STEEL: Mills resist market pressures in effort to preserve margins

European stainless steel prices have been largely stable this week despite coming under pressure from a number of market factors, with mills seeming determined to avoid any erosion of their production margins, sources told Fastmarkets on Friday June 14.

Fastmarkets assessed the price of grade-304 cold-rolled (CR) stainless steel sheets at €2,190-2,250 ($2,472-2,539) per tonne delivered in Northern Europe on Friday, widening downward by just €10 from the previous range.

Demand was weak, with many sources observing that the...


Ross Yeo

June 14, 2019

17:22 GMT