EUROPE STAINLESS STEEL: Prices surge on end to China's export tax rebate

The price of stainless steel flat products in Europe surged this week with some sources attributing this to China’s cancellation of an export tax rebate, Fastmarkets heard on Friday May 7.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm grade 304, transaction domestic, delivered North Europe, was €3,000-3,050 ($3,611-3,672) per tonne, up by €200 per tonne week on week from €2,800-2,850 per tonne.

Last week, China announced that export tax rebates for a...

Published

Ross Yeo

May 07, 2021

18:35 GMT

London