EUROPE STAINLESS STEEL: Prices fall on faltering demand, imports

The price of stainless steel in Europe fell further in the week to Friday July 24 on struggling demand and a resurgence in imports, sources told Fastmarkets.

Fastmarkets’ weekly assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was €1,900-1,950 ($2,214-2,272) per tonne on Friday, down by €30-50 per tonne week on week from €1,930-2,000 per tonne.

This decrease followed a similar price drop on July 10 of €50 per tonne week on week, also...

Published

Ross Yeo

July 27, 2020

11:07 GMT

London