Demand also rose modestly, with some service centers reporting strong surges in demand that began at the end of June.
Fastmarkets’ price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for 304L cold-rolled sheet , fob mill US both rose by $1 per hundredweight to $117 per cwt and $119 per cwt respectively on Friday July 10. The price for 316L cold-rolled sheet remained flat at $152 per cwt, unchanged since rising to that level on June 10.
A midwestern service center source pointed to improving demand but lower prices from mills in spite of higher surcharges.
“I would say business is a...