Stainless steel prices in the United States have mostly declined in December, extending a downward trend largely stemming from a decrease in alloy surcharges that have weighed on transaction prices, market participants said.
Fastmarkets' assessment for Type 304 and Type 304L stainless steel cold-rolled sheet stood at $1.25 and $1.28 per lb respectively on Monday December 10, down by $0.04 and $0.03 per lb from two weeks earlier, while Type 316L stainless sheet declined by $0.07 to $1.68 per lb fob mill.Fastmarkets' assessment for Type 304 stainless plate fell by $0.04 to $1.10 per lb, Type 304L stainless plate declined by $0.02 to $1.14 per...