EUROPE STAINLESS STEEL: Prices surge amid ongoing shortages

The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was €3,350-3,400 ($4,077-4,138) per tonne on Friday, up €200 from €3,150-3,200 per tonne a week earlier.

Base prices also increased, with Fastmarkets' weekly assessment for stainless steel cold-rolled sheet...

Published

Ross Yeo

June 11, 2021

13:52 GMT

London