EUROPE STAINLESS STEEL: Prices slip on lower surcharges, soft demand

European prices for stainless steel flat products slipped this week on lower monthly alloy surcharges for July and soft demand, sources told Fastmarkets on Friday July 5.

Alloy surcharges for July were announced at lower levels last week by European mills, primarily reflecting lower nickel prices. These surcharge decreases were implemented into stainless steel prices this week, although some distributors have not yet benefited from the lower costs. One distributor said that, because demand in June was low, it is still receiving the tonnes it nominated for that month from the mills, and at June prices. Given...

Published

Ross Yeo

July 05, 2019

17:40 GMT

London