Stainless steel transaction price hikes stick

Jan 04, 2013 | 02:59 PM | Thorsten Schier

Tags  stainless, cold-rolled sheet, 304, 316, Aperam, Gueugnon, NAS, ferritics Thorsten Schier

NEW YORK — A hike in commodity-grade stainless steel transaction prices that went into effect with shipments at the beginning of the year has managed to hold so far, market sources told AMM.

"There was some talk that it (the reduction in discounts) would go from 4 percent(age points) to 2 percent, but I needed some material and it was 4 percent," a Midwest distributor said.

"So far, everything I’ve seen indicates that the increases are sticking," a second Midwest distributor source said. ....

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