Following the strong rally in US stainless steel transaction prices in April, there were furthermarginal gains in May following an uptick in surcharges. Prices continue to be supported atthis elevated level by robust demand and tight supply. Moving forwards there is considerableupside potential for US base prices following the DoC’s decision to not extend the exemptionperiod on S232 tariffs for the EU, Canada and Mexico – effective June 1st.
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