Stainless steel pipe, fittings & flanges report: April 2017
Domestic stainless steel producers announced modest increases in surcharges for April. Most increases amounted to less than 1.0% except for Type 316, which the domestic producers were boosting around 2.7%. According to MEPS International, April’s austenitic stainless steel prices are likely to peak for the year in North America. Although nickel prices are expected to surge in the second half, they are likely to be offset by other reductions in mill costs.