EUROPE STAINLESS STEEL: Price range narrows up while higher alloy surcharges expected for Sept

The price range for grade-304 cold-rolled stainless sheets narrowed upward this week while participants increasingly expect monthly alloy surcharges for September to rise substantially, Fastmarkets heard on Friday August 16.

Fastmarkets’ assessment of the price for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe was €2,230-2,250 ($2,482-2,504) per tonne on August 16, up by €40 per tonne on the low side. Participants expect the grade-304 flat product alloy surcharge for September to increase by €140-150 per tonne because of significantly...

Published

Ross Yeo

August 16, 2019

17:05 GMT

London