A slight increase in European monthly grade-304 alloy steel surcharges for August is unlikely to result in higher transaction prices for finished stainless steel products because of a weak underlying market, Fastmarkets heard on Friday July 31.
Grade-304 surcharges have increased on higher nickel costs but by relatively modest amounts, with Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe rising by ?,?16-24 per tonne from the...