Stainless prices hit by drop in surcharges

摘要

Stainless steel prices in the United States declined in May after surcharges fell, although base pricing was steady due to mills cutting production in line with lower demand. Fastmarkets’ monthly assessment for stainless steel 304 cold-rolled sheet, fob mill US was at $112 per hundredweight on Monday May 11, down by 4.3% from $117 per cwt in April; and that for 304L cold-rolled sheet fell by 4.2% to $114 per cwt from $119 per cwt. The price for 316L cold-rolled sheet dropped by 5.2% to $146 per from $154 per cwt in the same comparison.