Stainless market expects prices to rise in Oct.

Sep 10, 2012 | 02:42 PM | Thorsten Schier

Tags  stainless steel, cold-rolled sheet, surcharges, Thorsten Schier

NEW YORK — Stainless prices are expected to increase in October as surcharges are likely to rise and a price hike on commodity grades is possible, according to market sources.

Some sources speculated that domestic mills’ recent price increase on Type 201, Type 301 and some 400-series stainless could signal a looming hike for more widely bought grades such as Type 304, boosting prices that have been slowly eroding since March.....

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