European stainless steel base prices were unchanged for the fourth week running on Friday June 29 despite a sharp rise in alloy surcharges for July.
Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($1,156-1,214) per tonne delivered on Friday, while the weekly assessment for grade-316 CR stainless steel in Europe was at ?,?1,300-1,350 per tonne The weekly assessment for European grade-304 bright bar base prices were also steady at ?,?1,000-1,080 per tonne delivered. The July alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is at ?,?1,624-1,648 per tonne as of Friday. This...