NEW YORK A recently
announced price hike on commodity flat-rolled stainless
products has already been slashed in half, some market sources
"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
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 wasnt
"Im 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).