EUROPE STAINLESS STEEL: Prices edge down ahead of expected plunge on December surcharges

The price of grade-304 stainless steel flat products in Europe widened downward this week in anticipation of much more substantial decreases in December, when mills were expected to bring into effect significantly lower alloy surcharges, Fastmarkets heard on Friday November 29.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was €2,180-2,250 ($2,400-2,477) per tonne on Friday, down by €20 per tonne...

Published

Ross Yeo

November 29, 2019

17:35 GMT

London