EUROPE STAINLESS STEEL: Flat nickel trend bodes well for price stability
The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.
Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe
was €2,050-2,100 ($2,285-2,341) per tonne on January 17, unchanged week on week.
Mills had tried to increase prices...