Discipline said key to stainless hikes sticking

Aug 07, 2013 | 02:49 PM | Daniel Fitzgerald

Tags  stainless prices, stainless steel, price increases, ATI Allegheny Ludlum, Outokumpu Stainless Coil Americas, North American Stainless, NAS, AK Steel stainless distributors

NEW YORK — Stainless steel service centers and distributors are optimistic that base price increases announced by producers last week will gain traction in the market, but are wary of discounting that they say is going on behind closed doors.

Service center sources said stainless producers’ success in getting base price increases to "stick" is largely dependent on whether any of the producers break ranks and make special deals for their customers.

"It occurs to me that it will stick if they all stick together," one source said.....

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