This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Home » Stainless steel pipe, fittings & flanges report: July 2017
Stainless prices for July have dropped steeply thanks to plunges in raw materials such as nickel, ferrochrome and molybdenum. The four big domestic producers (ATI, AK, NAS, Outokumpu) all announced surcharge decreases ranging between (8.45) percent to (12.52) percent for Types 201, 304, 316 and 430 products. Base prices were reported holding reasonably steady. Like carbon steel, stainless prices were thought to be impacted by the U.S. DOC’s Section 232 investigation, although it was unclear whether stainless would be included in any sanctions.
Nickel on the LME fell below $9,000 a ton for several days in June before slightly recovering late in the month, but nickel still is selling for around $2,000 less than the yearly highs of more than $11,000 reached in February. European ferrochrome was reported down (28.6) percent for the third quarter compared with the second.