EUROPE STAINLESS STEEL: Flat nickel trend bodes well for price stability

January 18, 2020 / www.metalbulletin.com / Article Link

The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.

Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-2,100 ($2,285-2,341) per tonne on January 17, unchanged week on week.

Mills had tried to increase prices...

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