EUROPE STAINLESS STEEL: Prices move higher despite recent nickel cost plunge

The cost of flat-rolled stainless steel in Europe rose during the week to Friday March 19 on supply constraints and firm demand, despite the substantial decrease in the price of nickel three weeks ago, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe was €2,800-2,850 ($3,343-3,403) per tonne on Friday, up by €50-80 per tonne week on week from €2,720-2,800 per tonne.

The...

Published

Ross Yeo

March 19, 2021

17:58 GMT

London