EUROPE STAINLESS STEEL: Prices stabilize, market remains weak

Stainless steel prices in Europe stabilized on Friday November 8 after falling €100 per tonne a week ago, but market participants told Fastmarkets that poor demand and plentiful supplies were still a major issue.

Fastmarkets’ price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was €2,200-2,250 ($2,433-2,489) per tonne on November 8, unchanged after last week's slump.  One distributor said its sales...

Published

Ross Yeo

November 08, 2019

17:53 GMT

London