Stainless steel prices in the United States rose further this month, helped by higher alloy surcharges due mainly to continued stabilization in nickel prices and higher chrome prices.
Fastmarkets' assessment for Type 304 and Type 304L stainless cold-rolled sheet stood at $128 and $130 per hundredweight, respectively, on Wednesday April 10, both up by $6 per cwt from two weeks earlier. The price for Type 316L stainless sheet rose by $3 per cwt to $168 per cwt fob mill.Fastmarkets' assessment for Type 304 and Type 304L stainless plate both rose by $6 to $115 per cwt and $117 per cwt respectively.Distributors' inventory levels have now been drawn down to a seasonal level of two to...