European stainless steel prices were unchanged this week but decreases are expected because of lower monthly alloy surcharges for July, sources told Fastmarkets on Friday.
European mills have announced alloy surcharges for July at lower levels compared to June because of decreased Nickel costs. Fastmarkets' alloy surcharge for July deliveries of grade-304 cold-rolled stainless sheet is set to fall to ?,?1,318-1,362 ($1,498-1,548) per tonne, down ?,?18-21 per tonne from...