EUROPE STAINLESS STEEL: Asian imports may limit further price rises despite long lead times

Competitively priced imports from Asia could limit further prices increases for stainless steel flat products produced in Europe, despite ongoing tightness in the domestic market, sources told Fastmarkets on Friday April 9.

Fastmarkets' assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was €2,800-2,850 ($3,329-3,389) per tonne on Friday, unchanged for the third consecutive week.

The assessment, however, rose strongly over the first quarter of the year,...

Published

Ross Yeo

April 09, 2021

17:09 GMT

London