EUROPE STAINLESS STEEL: Ongoing short supply pushes prices higher

The price of flat-rolled stainless steel in Europe increased in the week ended Friday August 27 on a continuing shortness of supply, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was €3,950-4,000 ($4,645-4,704) per tonne on Friday, up by €50 per tonne week on week.

Base prices also increased, with Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade...

Published

Ross Yeo

August 27, 2021

13:30 GMT

London