Stainless steel surcharges to fall
With falling Nickel costs stainless steel surcharges are due to fall for deliveries in July from European mills. After the rapid rises in price for stainless steel it was felt by industry experts that prices had risen more due to commodity price spikes rather than real end user, now with demand appearing to falter the signs are that prices will fall. No doubt producers of both Nickel and stainless steel will try and reign in production to keep price falls to a minimum and although they are doing there best to sit on any official figures for now, it is thought that the falls could even exceed 230 Euros or 280 USD for grades 304 (1.4301) and similar for 316 (1.4404)
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