At the beginning of the month I got a price from at Southern Steel for some and he mentioned that his suppliers had informed him that stainless steel had shot up in price by 64% due to a nickel surcharge. This month would see another 5-15% increase due to similar reasons.
By any stretch of the imagination that’s a fair old hike and obviously there’s a few others thinking the same if my referrals serve me right.
talks of the and explains what Mark’s suppliers confirmed :
Transaction values went up significantly in Asia and North America to reflect higher nickel costs. In the EU these were offset by declining basis values. We see scope for further substantial increases in the short term in Asia and North America with more modest figures expected in the EU. Basis values are forecast to decline in both the EU and North America over the next few months. However, lower alloy surcharges should help to alleviate the downward pressure in the medium term.
Higher stocks and lower demand will put pressure on the mills to discount prices in all regions during the second half. This will lead to an inventory depletion phase which will further exacerbate price erosion. In the longer term, we expect stainless transaction values to decline in all regions to the end of 2007.
I’m going to have to ask the guru of all things related to steel and its pricing (especially European), , whether I’m right in my assessment of the situation as to what goes up looks like it has to come back down towards the backend of the year.
okay so the price of stainless steel is going up but how much does it cost on average
- spam
- offensive
- disagree
- off topic
Like