EUROPE STAINLESS STEEL: Higher prices expected on energy costs despite slow demand

The price of stainless steel in Europe was stable this week but mills were expected to try to push through increases because of higher energy costs, despite the fact that demand has slowed in recent weeks, Fastmarkets heard on Friday October 15.

An Italian mill was said to be hoping to implement a €20 ($23) per tonne energy surcharge in order to recoup some of its expenditure on rising energy costs.

No other mills had yet been heard to have made similar announcements, but it was expected in the market that either surcharges or increases to stainless steel prices would...

Published

Ross Yeo

October 15, 2021

16:45 GMT

London