European stainless flats prices under pressure

May 04, 2012 | 09:41 AM |

Weakening nickel prices and end-user reluctance to conclude any new business have started weighing on European domestic prices for flat-rolled stainless steel, market sources told Metal Bulletin on Thursday May 3.
“People are tending to wait,” one trader said.
Last week’s base price offers and deals for grade 304 cold-rolled stainless sheet in 2mm gauge were unchanged from the previous weeks at €1,130-1,200 ($1,485-1,577) per tonne delivered, sources said. ....

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