Strong demand boosts stainless steel prices
Jun 06, 2014 | 06:14 PM
| Rey Mashayekhi
NEW YORK Stainless steel prices have risen again in June on the strength of base price increases from major domestic producers and higher raw material surcharges, with distributors noting rising costs but expressing confidence that demand will support prices.
AMMs assessment of commodity-grade stainless steel prices showed increases across most product types, with Type 304 coiled plate rising to $1.41 per pound from $1.32 previously and Type 316 coiled plate climbing to $1.95 per pound from $1.80.
Type 304 cold-rolled sheet jumped to $1.50 per pound from $1.40, Type 304L sheet increased to $1.52 per pound from $1.42 and Type 316L sheet rose to $2.04 per pound from $1.92. Cold-rolled strip increased similarly, with Type 304L strip climbing to $1.52 per pound from $1.43 and Type 316L strip rising to $2.02 per pound from $1.93.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.