Demand drives stainless steel prices up

Apr 04, 2014 | 05:15 PM | Rey Mashayekhi

Tags  stainless steel prices, stainless steel surcharges, raw materials, bar, cold-rolled sheet, stainless coiled plate, Rey Mashayekhi

NEW YORK — Stainless steel prices rose in April amid a rise in major North American mills’ base prices and raw material surcharges, with market players emphasizing that strong demand has allowed the mill increases to stick.

Stainless distributors cited a 5- to 6-percent rise in April surcharges for the 300 grades that, when coupled with the mills’ hikes (, March 17), led to the steepest stainless price increase in months. The market has benefitted from higher end-market demand so far....

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