Stainless steel prices in Europe increased sharply this week because of both the higher alloy surcharges for September and an expectation that October surcharges will also increase strongly, Fastmarkets heard on Friday September 13.
Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,390-2,450 ($2,636-2,703) per tonne on Friday, up by ?,?90-100 per tonne.Much of this increase was driven by the fact that grade-304 surcharges for September increased...