Primary stainless prices cede more ground

Jun 10, 2013 | 01:41 PM | 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 eased further in recent weeks on the back of lower surcharges, with market participants reporting shorter lead times moving into the summer.

Free-market prices for Type 304 cold-rolled sheet are $1.21 per pound f.o.b. mill, down from $1.27 a month ago; Type 316L cold-rolled sheet is $1.73 per pound, down from $1.79 previously; Type 304 coiled plate prices have dropped to $1.19 per pound from $1.24; and Type 316 coiled plate has....

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