Stainless steel prices in the United States rose this month due to higher surcharges, with market participants broadly in agreement that mills will implement a July base price increase.
American Metal Market's assessment of Type 304 and Type 304L stainless cold-rolled sheet rose by 2 cents to $1.40 per lb and $1.42 per lb fob mill respectively on Monday June 11, and Type 316L stainless cold-rolled sheet gained by 1 cent to $1.85 per lb. Prices for Type 304 and Type 304L stainless coiled plate both rose by 1.5 cents to $1.24 per lb and $1.26 per lb respectively, while Type 316/316L...