US stainless steel sheet prices rise on tighter supply

Stainless steel sheet prices in the United States rose in June due to rising surcharges and increasingly tight supply.

Fastmarkets’ monthly price assessment for stainless steel 304 cold-rolled sheet, fob mill US was $171.75 per hundredweight ($3,435 per short ton) on Monday July 12, up 2.08% from $168.25 per cwt on June 10 and up 7.34% from $160 per cwt on May 10. The assessment for stainless steel 304L cold-rolled sheet, fob mill US was $173.75 per cwt ($3,475 per ton) on Monday, up 2.06% from $170.25 on June 10 and up 7.25% from $162 per cwt on May 10. Fastmarkets' assessment for stainless steel 316L cold-rolled sheet, fob mill US rose to $231 per cwt ($4,620 per ton) on July 12, up 6.70% from $216.50 per cwt in June and up 12.41% from $205.50...

Published

Robert England

July 13, 2021

22:03 GMT

New York