Strong demand boosts stainless steel prices

Jun 06, 2014 | 06:14 PM | Rey Mashayekhi

Tags  stainless steel, stainless steel prices, raw material, surcharges, distributors, producers, cold-rolled sheet, coiled plate bar

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.

AMM’s 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.....





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