EUROPE STAINLESS STEEL: Base prices stable amid high stockholder competition

By Viral Shah / March 29, 2018 / www.metalbulletin.com / Article Link

The base price assessments for flat and long stainless steel products in Europe remained stable this week amid strong competition between stockholders, sources told Metal Bulletin on Thursday March 29.

Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,130 ($1,299-1,397) per tonne delivered in Northern Europe on Thursday, unchanged over the week."The market is not quiet, and the competition with other stockholders means we will not immediately implement the April alloy surcharge increase," one distributor in the Benelux region said."It will also be difficult to achieve a base price increase as stock...

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