Stainless steel producers raise prices
Stainless steel producers throughout the world have been successful in raising product prices, reports industry researcher MEPS, adding these price rises appear to take place against a background of no increase in underlying demand in most markets.
European merchants are starting to cut buying prices for stainless scrap in an attempt to improve profit margins, sources told MB. One merchant in the Netherlands said he has dropped prices from €870 per tonne last week...