EUROPE STAINLESS STEEL: Prices decrease on low demand, expected imports and lower surcharges

Prices for flat stainless steel products produced and delivered in Europe fell his week because of low demand and an expected surge of imports from July 1, Fastmarkets heard on Friday June 21.

One European producer posted monthly alloy surcharges for July at lower levels than for June; others are expected to follow suit. Anticipation of these decreases is also believed to have weighed on stainless steel prices this week, sources said. Fastmarkets assessed the price of grade-304 cold-rolled (CR) sheets at €2,150-2,220 ($2,426-2,505) per tonne delivered in Northern Europe on Friday. This compares with €2,190-2,250 per tonne a week ago. Import quotas for a range of steel products under the EU safeguarding...

Published

Ross Yeo

June 21, 2019

18:26 GMT

London