Outokumpu lifts stainless tags; mart skeptical

Jun 26, 2014 | 04:54 PM | Rey Mashayekhi

Tags  stainless steel, stainless prices, North American Stainless, NAS, Outokumpu Stainless USA, AK Steel, ATI, Allegheny Technologies Rey Mashayekhi

NEW YORK — Outokumpu Stainless USA LLC has jumped on board a push to raise stainless prices, the third of four to lift pricing for July, but market participants remain skeptical that the increases will stick without backing from industry leader North American Stainless Inc. (NAS).

Distributor sources voiced skepticism that NAS would choose to follow this latest increase, as well as concern that escalating base prices could hurt the robust demand for material seen so far this year.....

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