Stainless price hikes sticking, distributors say

Sep 06, 2013 | 01:15 PM | Daniel Fitzgerald

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

NEW YORK — Stainless steel base price hikes reportedly are sticking, although consumer demand has yet to strengthen, according to distributors.

Free-market prices for Type 304 cold-rolled sheet have risen to around $1.17 per pound from $1.16 previously, 304 coiled plate has increased to $1.16 per pound from $1.15 and 304 uncoiled plate has moved up to $1.97 per pound from $1.96.

The price increases were mostly attributable to rising raw material surcharges (, Aug. 21), with base price increases implemented at the beginning of August continuing to hold in the market, distributors told AMM.....

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