Stainless steel prices slide with surcharges

May 06, 2013 | 08:36 AM | Daniel Fitzgerald

Tags  stainless steel prices, stainless steel surcharges, stainless steel demand, Type 304, Type 316, Type 316L, stainless sheet, stainless coiled plate Daniel Fitzgerald

NEW YORK — Primary stainless steel prices have dropped in line with surcharge decreases for May, with producers reportedly unable to establish base price hikes.

Prices for Type 304 coiled plate now average $1.24 per pound f.o.b. mill, down from $1.27 a month ago; Type 316 coiled plate is around $1.77 per pound, down from $1.80; Type 304 cold-rolled sheet has slipped to around $1.27 per pound from....

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