Stainless steel pipe, fittings & flanges report: August 2017
Raw material prices used in the manufacture of stainless steel have fallen over the last few months causing the major U.S. manufacturers to lower surcharges on stainless steel. Nickel prices hit a low of
$8,780 per ton in mid-June but have recovered to $10,400 per ton in early August. Stainless steel pricing has remained steady, even through the volatility of raw materials. Some speculation exists that prices may have been supported by the U.S. Department of Commerce’s Section 232 investigation; however, there is no definitive information that stainless steel products are part of the investigations.