Search
AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


Stainless steel price hike halved: sources

Keywords: Tags  stainless, flat-rolled stainless, steel prices, stainless price increase, Thorsten Schier


NEW YORK — A recently announced price hike on commodity flat-rolled stainless products has already been slashed in half, some market sources have said.

"They announced four points, and two points have held," one East Coast distributor said of the increase, which was launched by domestic stainless mills in early January.

One West Coast distributor, who had recently been informed by a mill representative of the change in the functional discount, agreed.

"Only two points are in effect, not four points," he said.

The reduction wasn’t unexpected.

"I’m not surprised to hear that. A normal move (upward) is two discount points," a southern distributor said.

A second southern distributor confirmed the decrease. "I have not heard anything official, but we have only been paying half," he said.

Until recently, some sources were saying that the full increase had held (amm.com, Jan. 17).


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results