Flat-rolled stainless tags slip amid discounting

Jul 09, 2012 | 02:35 PM | Thorsten Schier

Tags  cold-rolled sheet, stainless, stainless surcharges, stainless base prices, Thorsten Schier

NEW YORK — Flat-rolled stainless steel prices have fallen on the back of lower surcharges and what sources say is erosion in base prices as mills seek to fill their order books.

"Discounts are definitely higher," one service center executive in the Midwest said. "Significant buyers are at (a) 68-percent (discount on published base prices), and for juicy orders you can get 70 (percent)."

Smaller buyers are also getting better prices after reportedly not benefitting from discounting earlier this year.....

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