EUROPE STAINLESS STEEL: Prices stable despite higher surcharges; decreases by March - sources

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.

In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said.

The February surcharges are based on alloy component prices during the period December 21-January 20. Principal of these is the cost of nickel,...

Published

Ross Yeo

January 31, 2020

16:38 GMT

London